interest rate cuts

Due to signs of a stabilising global economy the Reserve Bank has seen no pressing need to cut interest rates in June. For the second month in a row the central bank has left the cash rate steady at 3 per cent.

Analysts are predicting that the banks will ignore passing on any further interest rate cuts to their customers, as banks try to protect their billion-dollar profits.

As Australia's jobs outlook deteriorates the Reserve Bank has cut interest rates to 3 per cent, giving homeowners a boost.

This official interest rate cut takes us to the lowest point since 1960 but there is no guarantee that the cut will be passed on to the homeowners by the major banks.

Update: Check up-to-date Home Loan Interest Rates after RBA meeting in October 2009 

As the effects of the global downturn threaten to hit our economy hard interest rates are tipped to fall to record lows today.

Out of 16 economists surveyed thirteen expect the Reserve Bank to cut the official cash rate at the monthly board meeting today.

Update: Check up-to-date Home Loan Interest Rates after RBA meeting in April 2009.

While addressing a packed house of the hedge funds and bankers at the financial services program of the G'DAY USA, Treasurer Wayne Swan has indicated to US investors that further interest rate cuts are likely in Australia.

Update: Home Loan Interest Rates - February 2009 

Just how far will the Federal Reserve Bank go in lowering interest rates to save the country from a long and painful recession?