Author Archive for: Simon Wood
Entries by Simon Wood
Recent Changes to Interest Rates
As published in the news recently, CBA, ANZ and Westpac have announced some small home loan interest rate rises along with Suncorp and some other smaller Lenders, all independently of any Reserve Bank / Cash Rate movement. The Cash Rate has not changed since July 2016. We monitor this closely to ensure our customers’ loans […]
Interest Rate Update – August 2018
Cash Rate – No change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.50%. The past few months have seen an improvement to our GDP growth to 3.1%, a drop in the unemployment rate, a brightening outlook for mining investment, strengthening non-mining investment and a strong […]
Interest Rate Update – July 2018
Cash Rate – No change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.50%. Whilst the RBA is comfortable to wait until possibly well into 2019 before they next raise the cash rate we have seen (since February) an escalation in wholesale funding costs, primarily influenced […]
Interest Rate Update – June 2018
Cash Rate – No change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.50%. Yesterday we heard that retail sales increased by a better than expected 0.4% in April (against an anticipated 0.3%) and company profits rose 5.9% in the March quarter, influenced in particular by […]
Interest Rate Update – April 2018
Cash Rate – No change The Reserve Bank of Australia (RBA) has just announced it will maintain the official cash rate at 1.50%. The RBA is confident Australia’s economy will be boosted this year by stronger LNG exports as new projects come onstream. In addition, non-mining investment will likely rise solidly, buoyed by population growth, […]