interest rates

Home owners were again this month relieved to find the Reserve Bank left rates on hold. They haven't been moved once since November 2010. The obvious question is in which direction will they move in the future?

ANZ has lifted the interest rate on its standard variable home loans by 39 basis points to 7.8 per cent. The changes will apply from Monday, November 15.

As widely expected, RBA decided to leave official interest rates unchanged at 4.5 per cent today.

Positive inflation numbers, flat retail sales and soft housing data allowed RBA to keep interest rates steady for a third straight month.

At its meeting today, RBA decided to leave official interest rates unchanged at 4.5 per cent.

Rates were put on hold after 3 consecutive raises in a previous months as RBA believes that interest rates to borrowers are around their average levels of the past decade:

At its meeting today, RBA decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010.

Out of the 16 economists surveyed eleven have forecast that the RBA will increase the cash rate by a quarter of a percentage point when it meets today.

The Reserve Bank has lifted its official interest rate by 25 basis points to 3.25 per cent.

This is the first rate rise since March 2008. This 25 basis point rise to the official rate adds approximately $45 a month to a $300,000 25 year home loan.

The Reserve Bank is expected to leave interest rates on hold for at least another month.

The big banks have pledged undertakings that should prevent those raising rates beyond official increases.

It has been predicted that the Reserve Bank will lift its benchmark cash rate before Christmas.

Days of low rates, may soon be over, as a rebound in the economy restrains the Reserve Bank from reducing interest rates further.