Retail sales in the September quarter were virtually flat, signalling that more interest rate cuts are on the way amid a decline in consumer confidence, economists say. Read more »
INTEREST rates could be soon be halved with analysts tipping a 3.75 per cent rate by March so the Government can steer the country away from recession. Read more »
St George Bank has cut its standard variable mortgage interest rate by 62 basis points. The rate will fall to 7.74 per cent, from November 14. Read more »
The big banks have been slow to react after the Reserve Bank cut interest rates by a larger-than-expected 0.75 percentage points yesterday. Read more »
Commonwealth Bank of Australia (CBA) has become the first major bank to cut its variable home loan interest rates, after the central bank eased official rates. Read more »
THE Reserve Bank has slashed interest rates by 75 basis points to 5.25 per cent and economists say borrowers can look forward to more cuts in coming months. Read more »