At its meeting today, the Reserve Bank decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010.
Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain quite [...]

The Reserve Bank has indicated that the recent string of rate rises may be coming to an end.
Speaking at a business forum in Toowoomba last week, RBA governor Glenn Stevens said with the economy growing close to trend, and inflation close to target, interest rates are now falling back to normal levels.
“The Reserve Bank has [...]

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.25 per cent, effective 7 April 2010.
The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due to [...]

The ANZ recently released the results from its yearly “Financial Literacy Survey”. This looks at how much Australians know about their finances…
The results were like looking at the school report of a troubled teenager: “Much improved. Could do better. Would help if the student did some homework once in a while.”
Even if you slept through [...]

ABC News – 17 October 2008Homeowners will have more cash in their pockets if analysts are correct (AAP: Alan Porritt).
The ANZ Bank expects interest rates to fall to 4.5 per cent by the middle of next year.
Earlier this month, the Reserve Bank of Australia (RBA) cut the cash rate by one percentage point from 7 [...]

Author: