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When it comes to finance, we believe knowledge is power! Our aim is to provide you with the most up-to-date news and information to help you make decisions about your own financial journey. Sometimes you just don't know what you don't know, so these articles can also provide a great starting point for you to start formulating the questions you need to ask us.
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Why interest rates have climbed
While interest rates have increased significantly over the past 18 months, this increase, thankfully, has been less than one might have expected, due to competition, according to the Reserve Bank. Between April 2022 and September 2023, the cash rate increased by 4.00 percentage points. However, banks increased their variable rates by, on average, only 3.32 […]
RBA leaves cash rate unchanged at 4.35%
In its last monetary policy decision of the year, the Reserve Bank of Australia (RBA) left the cash rate on hold at today’s board meeting. The decision comes as new data from the Australian Bureau of Statistics showed annual inflation eased sharply from 5.6% to 4.9% in October as higher interest rates worked to cool […]
RBA leaves cash rate at 4.10%
The Reserve Bank of Australia (RBA) has left the cash rate at 4.10% for the fourth consecutive month, as many commentators had expected. While the RBA has said in the past few months that it may increase the cash rate in the future, many commentators believe that rates have now peaked. Inflation will be the […]