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The Reserve Bank of Australia said the cash rate will be increased by 25 basis points to 0.35% — the first rate hike since November 2010.
Analysts had widely expected the central bank to hike rates, given the rapid rise in inflation. Prices of food, petrol and other consumer goods were all up in the last quarter.
Lowe acknowledged in his statement that inflation had picked up more than expected, though it remains lower than in most other advanced economies.
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Home loan is a loan advanced to a person to assist in buying a property. Anson Financial Services specialises in home loans...
Refinance is typically new loans with a lower rate of interest. The new loan could be contracted with the original bank or with a new ...
Business loan includes loans on acquiring businesses, operations or business properties. Borrower could be the business owner ...
Our company is experienced in construction loans. Loans are divided into stages. The flexibility allows customers to save ...
Car loan is one of personal loans. It can be used on new car purchasing or a second-hand car purchasing. Repayment period ...
Personal loan can be used on purchasing a new car, housing renovation, travels or even repayments to home loans and ...
A professional mortgage broker helps a lot when you purchase your first property in Australia. You would save a lot of money with ...
By setting up an autonomous pension fund (SMSF) to buy a home, the pension becomes a disposable asset. However, SMSF house ...
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