interest rate cuts

Interest Rate Cuts by RBA, Great News for Home Owners and Businesses

Earlier this week, the country’s two biggest banks passed on the latest interest rate cuts for loan customers. The Commonwealth Bank and Westpac have paved the way for other banks expected to follow suit on Friday February 6. The Reserve Bank of Australia’s (RBA) official rate cut will begin its full effect on February 20, […]

By |February 6th, 2015|Categories: Home Loans, News|Tags: , , , , |Comments Off on Interest Rate Cuts by RBA, Great News for Home Owners and Businesses

7 Things which Contribute to Interest Rate Cuts

Interest rate is the amount charged by lenders or loan providers against the borrowed money of consumers/borrowers. As a consumer, you probably are always monitoring it. When rates are low, it can be ideal to apply for and obtain loans. It is the time when borrowing will not be that expensive.
Interest rates usually go up, especially these days when global economies and finances turn volatile. But at times, governments and central banks also cut such rates. Here are seven factors that usually lead to reduced or lowered borrowing rates. […]

By |May 23rd, 2012|Categories: Interest Rates|Tags: , |Comments Off on 7 Things which Contribute to Interest Rate Cuts