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The Pom Queen

Interest Rates in Australia

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Well the reserve bank have decided to keep the interest rates on hold. They don't meet again now until February.:wubclub:


If you are depressed you are living in the past. If you are anxious you are living in the future. If you are at peace you are living in the present.

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Guest chris955

Well that is some relief for those on variable rate mortgages.

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Yes that is good news.

I guess it is mainly because all the banks increased their rates by well over the official RBA rise last month that they don't need to do it again.

 

Lets hope it stays on hold for while.


I want it all, and I want it now.

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Guest Mark X

It is really good news for thousands of people who are struggling pay their morgages espesically before Christmas - we'll have to wait and see now what the New Year brings. Hopefully the banks will listen to their customers are stop increasing way beyond the set rates.

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Guest chris955

Banks listen to their customers, well I guess there is a first time for everything. :biggrin:

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