10th February – ANZ Bank announced the following changes to Home Loan Interest Rates
1. A nominal increase of 0.06% p.a. to the Variable Interest Rate
2. A reduction of 0.15% p.a. in the 3 Year Fixed Interest Rate Read more
Rate Rises
Interest Rates rise by 0.25%
For the 3rd time this year the Reserve Bank of Australiahas increased Interest Rates by 0.25% p.a. Read more
Interest Rates increased by 0.25% p.a.
The Reserve Bank of Australia announced today that the official cash rate will be increased by 0.25% to 4.00%.
Borrowers around Australia are anxious to to receive news from their own Banks / Lenders to confirm if their Interest Rate increase will be restricted to 0.25% p.a., or will the profit taking tendencies of the past prove to be too tempting for the Banks. Read more
Interest Rates rise 3 months in a row
The Reserve Bank of Australia has announced their decision to increase Interest Rates by 0.25% p.a. for the 3rd month in a row. This is the first time that interest rates have increased over 3 consequecutive months, however, the RBA believes this is a necessary step to ensure inflation is kept under control. Read more
When will Interest Rates Stop Rising???
30 minutes prior to the running of the Melbourne Cup the Reserve Bank of Australia announced an increase to the Official Interest Rate of 0.25% p.a.
Within 10 minutes ANZ announced it would be passing on the full rate increase to borrowers with CBA, NAB, Westpac and St George following suit soon after. Read more
