At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010.  The RBA Governor released the following statement:

ANZ & CBA have both moved immediately following the RBA announcement today to lift their variable home loan rates by 0.25% passing on the full RBA rate rise (but no more).
All other banks are expected to follow with their announcements in the next few days and I expect all banks to lift their rates.

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.0 per cent, effective 3 March 2010.
Statement by Glenn Stevens, Governor Monetary Policy RBA: “The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is [...]

With interest rates on the rise, and further rate rises expected it is not surprising the clients are starting to worry about how they are going to manage. Our financial landscape is changing.
This means that now is a really good time to stop, survey our position and develop a plan of attack with which [...]

Most people would have been happily unaware that the Reserve Bank of Australia (RBA) was due to meet yesterday. All focus has been on getting the kids out the door and back to school (or for those without kids, recovering from another BBQ where a little too much of everything was consumed). Either way, the [...]

 
One of Australia’s major banks now expects the Reserve Bank of Australia (RBA) will raise interest rates twice this year - in November and December.
The National Australia Bank (NAB) is the first among the big four banks to pencil in a rate rise for this year, rather than holding off until the early part of [...]

I have received dozens of calls from clients in the last 2 months.  All asking the same questions: “Have interest rates hit rock bottom? Should we fix our home loans now?’.
In recent weeks the frenzied activity around fixing rates has almost reached swine flu hysteria like proportions.

Financial markets have lowered their expectations for interest rates rises, amid renewed concerns about the sustainability of the global economic recovery, reports The Australian Financial Review.

Some very clear trends have emerged in the marketplace over recent months, namely:

Know someone with a GE home loan? Please pass this important news on to them…