Following the Reserve Bank of Australia’s Board Meeting yesterday, National Australia Bank confirmed its variable home loan interest rates would increase by 0.25% per annum. NAB’s new standard variable rate will be 6.74% pa, effective Friday, 5 March 2010. Lisa Gray, Group Executive NAB Personal Banking, said: “In the last month we have seen a […]
The Board of the Reserve Bank of Australia decided today to raise the cash rate by 25 basis points to 4.0 per cent, effective tomorrow. The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due […]
Interest rates are expected to stay on hold with quarterly wage growth easing in the December quarter, seasonally adjusted. With total hourly rates of pay, excluding bonuses, rising just 0.6 percent. Coming in under the market forecast of 0.8 percent. The wage price index rose 2.9 per cent from a year earlier in Australian Bureau […]
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