Prepare for borrowing rates cracking through 10% in a new economy being set

It’s a whole new ball game for interest rate charges and while farm loans are still to take their place in this new economy, the interest rate position of banks is clear as CBA announces new interest rates for home loans. CBA has responded today to the Reserve Bank of Australia (RBA) increasing the cash […]

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 […]