At its May meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. However, Australian lenders are still increasing rates to keep in line with APRA's new lending rules...
It’s been a big 12 months for Australian economics, the Government and the Reserve Bank of Australia (RBA). Australian growth forecasts are continually being revised downwards, and this looks like it will continue as things are not improving.
There’s been some sharemarket volatility related to Greece and China, but what will become a big point of discussion around water coolers in the coming months is the banks RAISING interest rates on investment loans.
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