Banks announce rate changes following the RBA cash rate increase to 2.35%
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.50% per annum (p.a.), most big banks are expected to lift interest rates on variable loans by 0.50% on 16 September 2022. CBA has already confirmed it will lift its home loan variable interest rates by 0.50% p.a., effective 16 […]
Reserve Bank lifts the base rate by 50 basis points to increase from 1.85 to 2.35 per cent
Each week at auctions across the country, participants are rushing to get in now before the price of property falls further and before the RBA lifts rates to a higher level not seen for over 20 years. Odd logic, but that is what’s happening. Another part of that scenario came to fruition today when the […]
CBA announces new interest rates in response to the Reserve Bank of Australia’s cash rate decision August 2022
Following the Reserve Bank of Australia’s (RBA) cash rate decision, on 02 August 2022, CBA will increase home loan variable interest rates by 0.50% per annum (p.a.) and increase the interest rates on select savings products. Standard Variable rate changes Owner Occupier Principal and Interest Standard Variable Rate home loans will increase by 0.50% p.a. […]
CBA first to respond to the Reserve Bank of Australia’s cash rate increase
The Commonwealth Bank of Australia (CBA) has advised in light of the Reserve Bank of Australia’s (RBA) cash rate decision on 3 May 2022, CBA will increase home loan variable interest rates by 0.25% p.a. And while the CBA has become the first major bank to pass on the rate rise, all four big banks […]