Gold Vision Finance

RATES RISE BY 0.25%

It beggars belief that the RBA should increase rates - what for? The price of fuel is pushing the CPI through the roof and the answer to this is to increase the cost of living further by increasing Interest rates ?

Other countries are holding on rates as they see this as a temporary thing currently.

End result - this rate increase and proposed future ones in a row will do nothing to keep CPI at bay given price increase of fuel.

Makes no sense currently at all.

It has finally Happened but alot sooner than ever expected! Reserve Bank has increased the cash rate by 0.25 % to 0.35%. Banks and Lenders will pass on the rate increase to their loans with most having already lifted their Fixed Interest rates in the past 2 months !

Interest rates rise for first time since 2010 and RBA governor warns the economy will 'require a further lift' The Reserve Bank increases interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent.