Interest Rates

Good news for Aussies as economists from Bendigo Bank are predicting the RBA cash rate to remain steady throughout 2024.

While current high inflation came as ‘a shock’ its pressure could get ‘more variable’, the central bank has warned.

More than a quarter of borrowers are unprepared for rate rises, new data from aggregator Mortgage Choice suggests.

Over one-third of investors and home owners have indicated they are not prepared for interest rates to remain at current levels, a report has found.

Recent RBA data has tracked the increased lending over the year, showing strong growth in business loans. However, housing and personal have seen less accelerated growth, which some are ...

A recent report has highlighted a drop in arrears coinciding with reduced interest rates.

Following the Reserve Bank of Australia’s decision to hike the cash rate, lenders have begun adjusting their own rates, though the speed of response has varied.

The major banks have announced changes to interest rates following the central bank’s most recent rate rise of 25 bps.

The central bank’s February 25-bp cash rate hike has started flowing through to the first major banks.

All four major banks plus Macquarie, Bendigo, Adelaide and ING will pass on last week’s 50-bp rate hike.

Non-bank lender Bridgit has announced new product enhancements and staff appointments in response to feedback and insights from its brokers.

Brokers have taken a measured view of fresh inflation data, which has placed an interest rate hike firmly back on the table.

With interest rates lifting and the possibility of further increases still on the table, brokers are being urged to rethink their SME strategies amid a tightening economy.

The central bank has been urged to consider further cuts to the cash rate in the wake of the unprecedented COVID-19 crisis.

The official cash rate has been hiked to 3.85 per cent, the highest level since 2012.