Commonwealth Bank has responded to the Reserve Bank of Australia’s cash rate decision
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.25% per annum (p.a.), CBA will increase interest rates across a number of its savings products and will lift its home loan variable interest rates by 0.25% p.a. All savings and home loan variable rate changes announced today will be […]
CBA announces rate changes following the Reserve Bank of Australia’s cash rate increase
Following the Reserve Bank of Australia’s (RBA) decision to raise the official cash rate by 0.25% per annum (p.a.), CBA will lift its home loan variable interest rates by 0.25% p.a., effective 17 February. In addition, the bank will increase the interest rates across a number of its savings products, by up to 0.75% p.a. […]
Boxing Day Sales expected to rake in $3.6 billion as Aussies ignore Reserve Bank warnings
Nothing will get in the way of a good sale, not even warnings on the economy with interest rates expected to continue to rise. Consumer research released today reveals an extra half a million shoppers more than last year will be seeking a bargain in the Boxing Day sales this year. All up it is […]
Household spending hit with narrow rise as interest rates begin to bite
The CommBank Household Spending Intentions (HSI) Index rose by 0.8% in August to 115.5, highlighting the momentum in the Australian economy, higher inflation pressures and the impact of the RBA’s monetary policy tightening. The index – which combines Commonwealth Bank of Australia (CBA) payments data and Google Trends search information – saw increases in the categories on […]
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 […]
CommBank launches Agri Green Loan to support producers’ environmental and climate goals
As part of its commitments to support customers transitioning their business and to invest in environmental projects, Commonwealth Bank today announced the national rollout of its Agri Green Loan. Today’s launch follows a successful pilot, and opens the door for more farmers to access funding — at discounted rates — for eligible purposes that reduce their […]
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 […]
Regional lifestyle appeal for locations within a three hour drive of the capital cities is high
Data from Commonwealth Bank and the Regional Australia Institute (RAI) has revealed a continued surge in the number of people moving from capital cities to regional centres. According to the June quarter Regional Movers Index released today, there was an 11% rise in the number of people moving from capital cities to regional areas compared with the June […]
Challenging conditions for almost everybody except farmers who spend up big
Asset finance lending on new farm machinery was at a 10-year high in financial year 2021 and an all-time record for CBA While many Australian businesses were significantly impacted by the COVID-19 Pandemic during the financial year ending June 2021, positive conditions in some sectors saw new business lending in asset finance grow at 20% […]