We compare interest rates for various products. Are you after interest rates for Home Loans, Personal Loans, Credit Cards, Savings Accounts or Term Deposits?
We compare interest rates for various products. Are you after interest rates for Home Loans, Personal Loans, Credit Cards, Savings Accounts or Term Deposits?
The Reserve Bank (RBA) has stated that they feel that the Federal Government's fiscal stimulus package and the large interest rate cuts will flow through to the economy, although it will take sometime for the full effect to be felt.
RAMS have today announced a new product that will be available to consumers from the 25th of August. Here at ShopAround.com.au we have taken the time out to review this much talked about new product.
Key features:
Rate of 8.54% for first 2 years of your loan (discount of 1.00% from Standard Variable rate)
Reserve Bank of New Zealand has cut official interest rates by a quarter of one per cent, to eight per cent - the first drop in five years.
The bank says the cut is justified by a rapidly slowing New Zealand economy, despite strong inflationary pressures which is expected around 5% in the September quarter.
Australian Bureau of Statistics reported yesterday that Consumer Price Index (CPI) climbed 4.5% in the year to June. It's the worst inflation numbers since the introduction of the GST. In the three months to June, inflation rose 1.5 % - the highest quarterly rise in 17 years.
A cut in official interest rates by the end of the year is a real prospect if tomorrow's consumer price index (CPI) data for the June quarter surprise on the low side.
The producer price index (PPI) at the final stage of production rose only 1 per cent in the June quarter, for an annual rise of 4.7 per cent, the Australian Bureau of Statistics said yesterday.
Westpac joined the interest rate changes and increased its standard variable rate by 14 basis points to 9.61 per cent this week. Now all major banks in Australia have raised their interest rates despite the fact the RBA left official rates unchanged at 7.25%. Banks are blaming higher costs of funding for these additional raises.
A survey shows the Australian economy is set to record below trend growth and into 2009
The Westpac – Melbourne Institute(WMI) leading index has found Australia’s annualized growth rate was 2.1 per cent in May. This was well below the long-term trend of 3.9 per cent.
The minutes from the central bank's monetary policy meeting two weeks ago have been released.
As expected, remaining banks followed St.George example and increased home loan interest rates by 0.15 - 0.20 per cent.
ANZ announced 15 basis point rate rise late Friday afternoon. ANZ’s new standard variable rate of 9.62 per cent came into effect today.