http://au.pfinance.yahoo.com/home-loans/features/interest-rate-down/index.html
Interest Rates Fall
Its official. The moment Australian home owners have been waiting for.
Interest rates have been cut.
Almost 750,000 Australians will now experience their first decreased mortgage
payment as the Reserve Bank reduced interest rates today (Tuesday).
The RBA cut interest rates by 25 basis points, the first decrease in almost
seven years. The official cash rate is now seven percent.
Rates have risen 12 consecutive times since May 2002. During that period,
740,000 people have taken out their first mortgage.
The Treasurer, Wayne Swan, repeated his warning to the big banks to pass on
the cut once it has been granted. "Those 740,000 Australians have never
experienced an official cut in the RBA rate, so they most certainly will be
expecting the banks to pass any relief on in full," he told Parliament.
The cut comes as the Rudd Government pushes ahead with a $76 billion
infrastructure plan to pump up the economy.
Prime Minister Kevin Rudd detailed the plan to business executives last
night, ahead of the RBA's board meeting today.
Mr. Rudd was already claiming credit for the rate cut yesterday, arguing that
the Government's tight budget policy had enabled the RBA board to act.
On Sunday, Wizard Home Loans became the first lender to cut its variable
interest rate in seven years.
The Federal Government wants the banks to follow the Reserve Bank's lead.
Prominent economists are suggesting that interest rate cuts could continue
for two years.
In other financial news, St George Bank has lowered its one to five-year
fixed interest rates by as much as 76 basis points to take effect as of
Wednesday.
Last week the four big banks lowered their fixed rates for the second time in
less than a month.
從 2002 年來連續升息 12 次之後, 澳洲今天終於宣佈降息一碼
這也是七年來澳洲首度降息...澳幣繼續跳水???
--
Interest Rates Fall
Its official. The moment Australian home owners have been waiting for.
Interest rates have been cut.
Almost 750,000 Australians will now experience their first decreased mortgage
payment as the Reserve Bank reduced interest rates today (Tuesday).
The RBA cut interest rates by 25 basis points, the first decrease in almost
seven years. The official cash rate is now seven percent.
Rates have risen 12 consecutive times since May 2002. During that period,
740,000 people have taken out their first mortgage.
The Treasurer, Wayne Swan, repeated his warning to the big banks to pass on
the cut once it has been granted. "Those 740,000 Australians have never
experienced an official cut in the RBA rate, so they most certainly will be
expecting the banks to pass any relief on in full," he told Parliament.
The cut comes as the Rudd Government pushes ahead with a $76 billion
infrastructure plan to pump up the economy.
Prime Minister Kevin Rudd detailed the plan to business executives last
night, ahead of the RBA's board meeting today.
Mr. Rudd was already claiming credit for the rate cut yesterday, arguing that
the Government's tight budget policy had enabled the RBA board to act.
On Sunday, Wizard Home Loans became the first lender to cut its variable
interest rate in seven years.
The Federal Government wants the banks to follow the Reserve Bank's lead.
Prominent economists are suggesting that interest rate cuts could continue
for two years.
In other financial news, St George Bank has lowered its one to five-year
fixed interest rates by as much as 76 basis points to take effect as of
Wednesday.
Last week the four big banks lowered their fixed rates for the second time in
less than a month.
從 2002 年來連續升息 12 次之後, 澳洲今天終於宣佈降息一碼
這也是七年來澳洲首度降息...澳幣繼續跳水???
--
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