Rates Steady - Cash Rate Remains at 2.50%

Welcome to our APRIL 2014 edition of News Alert!

At its recent April meeting, the RBA left the cash rate unchanged at 2.50% for the eighth consecutive month amid some positive economic data. RBA governor Glenn Stevens said financial conditions in the Australian economy were "overall accommodative".

Its Business as Usual - Cash Rate Remains at 2.50%

Welcome to our MARCH 2014 edition of News Alert!

The RBA has announced it will be keeping the cash rate on hold at 2.50%, as predicted.

“Soft jobs news and the poor business investment outlook do suggest though that our expectation for rate hikes to commence later this year may be premature, with the risk being they won’t occur [until] next year”. (Source RBA Media Release)

Cash Rate On Hold

Welcome to our FEBRUARY 2014 edition of News Alert!

A stronger than expected inflation result and improvement in business confidence has encouraged the Reserve Bank of Australia to leave the official cash rate on hold at 2.5% for the sixth consecutive month.

Rates steady but signals remain mixed

Welcome to our DECEMBER edition of News Alert!

As anticipated the Reserve Bank has decided at its final meeting for 2013 to again leave official interest rates on hold. Rates have now been steady for the past 4 months following the August decision by the Bank to cut rates to a 60 year low of 2.5 percent.

Fixed Rate Home Loans Increase for 3 & 5 Year Terms

Welcome to our NOVEMBER edition of News Alert!

For the third consecutive month the RBA has left the cash rate on hold. We are however seeing an upward trend within the 3 to 5 year fixed rates. It would appear that the Banks appetite for discounting in this product segment is over. 

Spring Cleaning

Welcome to our OCTOBER edition of News Alert!

For the second consecutive month the RBA has left the cash rate on hold at 2.50% as business and consumer confidence edges higher and the real estate market continues to recover.

Low Rates Fuel Spring Time Property Price Rises

Welcome to our SEPTEMBER edition of News Alert!

Not surprisingly the RBA has just announced rates are on hold, given the pending Federal Election it looks like we are in a holding pattern at least until the dust settles!

Interest Rates At Historic Lows

Welcome to our AUGUST edition of News Alert!

Great News!! 
The RBA has just announced a further reduction to the official cash rate of 25 basis points (0.25%). At 2.50% the rate is now at 50 year lows. Most of the lenders have followed suit, with some even reducing their interest rates by more than the 25 basis points!

Property Loan Rates Continue to Fall

Welcome to our Home Loan News Alert!

Glenferrie Group Lending Services will be keeping you posted with current industry news, rate and product specials on a regular basis.

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