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There are many things you can do to become a savvier saver, starting with demanding a better rate. Research by RateCity shows complacent savers are potentially missing out on hundreds of dollars in interest, as the gap widens between some of the highest and lowest savings rates on the back of the RBA hikes. The… Read more »
Well, where to start when it comes to interest rates and the Reserve Bank (RBA)? Major speeches this week from the RBA Governor and Deputy Governor, plus the Federal Treasurer orders an independent “review” of the RBA’s performance, governance, mandate and inflation settings. Let’s start with the review. As you know, I’ve been scathing of… Read more »
Let’s go through the facts and disprove some of the mistruths currently being sprouted by the media and politicians about interest rates. Yes, the Reserve Bank surprised everyone by raising official interest rates 0.25 per cent (instead of the expected 0.15 per cent) to 0.35 per cent. Yes, home loan monthly repayments will rise almost… Read more »
How much interest rates will rise is the big question and each of the big banks have a slightly different answer… but they all agree the first rate increase will be June. Westpac’s economic team is now predicting the cash rate hikes will start in June and hit 2 per cent by June the following… Read more »
The Big 4 bank economists are forecasting interest hikes to begin between June and September. So what should you do to prepare for upcoming increases to your mortgage repayments? This week’s Reserve Bank (RBA) board meeting, kept official interest rates on hold as expected. But it was their language that attracted attention. Up until now… Read more »
In times like these, when there is great uncertainty about what will happen to interest rates, borrowers get lots of advice about whether to go fixed or variable. Unfortunately, a lot of it is not well founded. For example, anyone who tells you to lock a fixed rate mortgage now before rates rise, is basically… Read more »
The US Federal Reserve officially lifted interest rates last week. Here’s why US interest rates matter to Australians. By Matt Hopkins Interest rates are admittedly a pretty dry subject and usually devoid of anything resembling fun, but ultimately they affect all of us, even if you think you’re way too cool to take notice. Interest… Read more »
Rates seem to be staying down for now, so what are your low interest rate investing options? Despite all the media hoopla, the RBA has chosen to keep interest rates as they are for now. Governor Dr Philip Lowe suggests that it’s steady as she goes for the foreseeable future. “The Omicron outbreak has affected… Read more »
After 11 years of interest rate cuts down to record low levels, interest rate rises are about to start, which could hurt many borrowers. But there are four things you can do to lessen the pain of interest rate rises. It’s worth exploring these so you don’t end up paying more in interest than you… Read more »
Reserve Bank of Australia had a Cup Day surprise in store for the country, announcing it was abandoning its policy of “yield curve control”, meaning it was no longer going to defend any particular interest rate for borrowing over any particular duration. Until then it had a formal target for the three-year bond yield of… Read more »
