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Media Releases

RBA bows to rate cut pressure

3rd of February 2015

After weeks of speculation, the Reserve Bank of Australia board has followed through with a 0.25 percentage point rate cut today, bringing the cash rate to a new record low of 2.25 percent.

Paul Marshall appointed RateCity CEO

17th of November 2014

Australia’s leading financial comparison site RateCity.com.au is pleased to announce the appointment of digital powerhouse Paul Marshall as chief executive officer.

RateCity launches Rates of the Nation report

14th of October 2014

Australia’s leading financial comparison site, RateCity.com.au, has taken a new step for the market today launching the inaugural Rates of the Nation report, a quarterly analysis of interest rate movements in the person finance space.

Rates remain on hold – new record

2nd of September 2014

A RateCity analysis of RBA data shows that as at September it is the longest period with a steady cash rate on record since May 2006. And, if the cash rate remains on hold for the remainder of this year, it will be 18 months unchanged and the longest period of continuously steady rates in almost 20 years.

Generation debt – Y Australians are credit crazy

6th of August 2014

Australians are now taking on debt earlier in life, with age 20 the new average age for young people to purchase their first credit card. This compares with the average age for older generations (such as those aged 65 years and older), which applied for their first credit cards at age 34.

More lenders slash rates out of cycle

5th of August 2014

The Reserve Bank of Australia has left interest rates on hold at 2.50 percent at its August meeting, marking 12 months since the last rate cut and almost 4 years since the last rate increase.

New phase for RateCity as Alex Parsons departs

4th of August 2014

Financial comparison site, RateCity, enters a new phase of the business, as CEO Alex Parsons transitions into a new role with one of the shareholders after 18 months at the helm.