A cash rate cut of 0.25% could inject extra $55 MILLION per month into retail spending. Current mortgage holders paying more than the minimum would be able to free up more spending. Strong case for cutting at the May meeting.
RBA rate drop could inject $55 MILLION per month into retailers
Fixed rate war is waged as cash rate remains steady
The RBA has left the cash rate steady at 1.75 per cent at today’s board meeting, but banks have taken matters into their own hands cutting to close to 200 home loan rates in the past month.
RBA stalls, yet home loan rates continue to drop
The RBA may have left the cash rate unchanged at 1.50 per cent at today’s Board meeting, but home loan rates continue to drop with close to 200 cuts in the past month.
Savers bear the brunt of rate cut
Almost a dozen providers have slashed interest rates on savings accounts, with some handing down cuts that exceed last week’s RBA cash rate cut, new research from RateCity.com.au shows.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.