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What is the Reserve Bank Interest Rate?
What actually is the RBA’s interest rate? The Rerserve Bank of Australia’s (RBA) announced interest rate are not anywhere near the amounts the banks charge for money they lend through home loans, personal loans, etc. So what is the RBA interest rate then then? To fully understand what the RBA’s interest rates figure is, an [...]
Reserve Bank Cuts 50 Basis Points
Property Market & RBA Official Interest Rates in March 2012 The Reserve Bank of Australia (RBA) has announced a 50 basis points cut. For a $300,000.00 loan, the cut equates to $1,500 worth of interest savings per annum (provided the banks and lending institutions pass on the cuts). While the announcement was predominantly made to [...]