Tag: Interest Rate

The Reserve Bank of Australia has signalled that its policy of aggressive interest rate changes over the past six months is nearing its end, with interest rates approaching ‘normal’ levels.

Australia continues to struggle to manage its ‘two speed economy’ as the resource sector booms, while rising interest rates cripple the services sector.

Pensioners are likely to be worse off after the Government announced it would revise pension deeming rates upwards because of Australia’s strengthening economy.