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EquityLend NewsRates set to rise | by Paul Cunningham | EquityLend Finance Solutions | 1 September 2009
While the Reserve Bank (RBA) has left the official cash rate unchanged at the current 49-year low of 3 per cent at today’s monthly board meeting, the rate will need to be raised to "a more normal" level at some stage in the future. read more Official rates will fall - retail rates may not | by Paul Cunningham | Equitylend Finance Solutions | 16 June 2009 The Commonwealth Bank of Australia (CBA) is under fire from all quarters over its decision to raise its standard variable rate (SVR) loans by 10 basis points. Of the four big banks, CBA had the lowest SVR and even after this increase its SVR is still equal lowest. read more RBA keeps rates on hold | by Paul Cunningham | EquityLend Finance Solutions | 2 June 2009 At its meeting today, the Reserve Bank of Australia has decided to keep rates on hold, continuing with a cash rate at 3.00%. RBA Governor, Glenn Stevens, said Australia's economy was benefiting from the significant cuts to interest rates made so far, combined with the Federal Government's fiscal stimulus. read more
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