Interest Rates
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Another bank lowers mortgage rates after OCR cut
Another bank has lowered mortgage rates, following the Reserve Bank's decision to lower the Official Cash Rate (OCR) yesterday.ANZ National said that from tomorrow its one-year rate would drop to 9.2...
NZPA. - Friday July 25, 07:11 PM -
Mortgage stress tipped to hit 1m by Xmas
Higher interest rates are tipped to force more than a million Australian households into a state of mortgage stress by the end of the year, a new report says.The report by Wizard Home Loans and...
AAP. - Friday July 25, 04:31 AM -
ASB first bank to respond to Reserve Bank rate cut
ASB Bank today responded to the Reserve Bank's quarter percent cut in the Official Cash Rate (OCR) with a matching cut to its key two-year fixed rate.Economists reckoned it may take until well into...
NZPA. - Thursday July 24, 08:15 PM -
ASB drops interest rates
ASB Bank has reduced interest rates, following this morning's reduction in the Official Cash Rate.The Reserve Bank dropped the OCR by a quarter of a percent to eight percent.ASB has now dropped its...
Newstalk ZB. - Thursday July 24, 06:10 PM -
Interest rate cuts will be slow to filter through
A five-year wait for the Reserve Bank to cut interest rates ended today but it may take until well into next year before the benefits filter through.Bank governor Alan Bollard sprang something of a...
NZPA. - Thursday July 24, 05:12 PM -
Brazil hikes interest rate as inflation starts to bite
SAO PAULO (AFP) - Brazil's central bank hiked its reference interest rate 0.75 percent to 13 percent, amid concerns over accelerating inflation in Latin America's biggest economy.It was the third...
AFP Finance News. - Thursday July 24, 03:59 PM -
Reserve Bank cuts cash rate
The Reserve Bank cut official interest rates for the first time in five years today in the face of a depressed economy and despite inflation at over 4 percent.The move to lower the Official Cash Rate...
NZPA. - Thursday July 24, 10:05 AM -
NZ dollar slips ahead of interest rate decision
The New Zealand dollar eased overnight against the greenback, as the market waited for the Reserve Bank's interest rate decision at 9am today.Shortly before 8am today, the kiwi was buying US75.13c...
NZPA. - Thursday July 24, 08:21 AM -
New Zealand Dollar Hits 6 Month Low After RBNZ Rate Cut
For the first time in 5 years, the Reserve Bank of New Zealand cut interest rates by 25bp to 8 percent and signaled that rates will be cut even further.The futures curve is pricing in 5 rate cuts...
FXCM. - Wednesday July 23, 11:24 PM -
Borrowers baulk at fixed rate loans
The demand for fixed rate home loans fell sharply in June as borrowers don't want to be locked into high interest rates that may begin to ease again, a new study finds.Only 13 per cent of all...
AAP. - Wednesday July 23, 05:59 PM -
TV Ad Sales Fall as RBA Watches Inflation
First there was retailing, now car sales are down, housing is slumping and credit card transactions are slowing, but still showing some growth. It's a picture of falling activity in key consumer...
Australasian Investment Review. - Wednesday July 23, 10:48 AM -
Hope of rate relief for borrowers
Borrowers have been given some hope of respite from further interest rate pain amid suggestions the Reserve Bank of Australia (RBA) is less concerned about inflation.The June quarter consumer price...
AAP. - Wednesday July 23, 04:31 AM -
US mortgage giants costs could hit $25b
Congress' top budget analyst says a federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost US taxpayers as much as $US25 billion ($A25.6 billion).But Peter R. Orszag,...
AAP. - Wednesday July 23, 02:18 AM -
Rising rates worrying borrowers: survey
Rising interest rates have overtaken concerns about job loss or illness as the biggest worry facing home loan borrowers, a new survey shows.Some 27 per cent of borrowers surveyed had fears about...
AAP. - Tuesday July 22, 08:55 PM -
CPI to keep RBA on sidelines: economists
A reluctance by businesses to pass on the full extent of higher production costs has eased fears the next set of inflation figures will be high enough to force another interest rate rise, economists...
AAP. - Tuesday July 22, 06:39 PM
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