Borrowers have received a reprieve after the central bank left the cash interest rate unchanged for July but economists say that may not be the case next month.
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Borrowers have received a reprieve after the central bank left the cash interest rate unchanged for July but economists say that may not be the case next month.
Asciano Group won & #39;t pay a final distribution so the rail and ports operator can use the cash for capital expenditure and cover impairment charges.
Bendigo and Adelaide Bank Ltd has reached an agreement with Cash Plus to process transactions on the Cash Plus ATM network.
Weak official lending finance figures highlight the fragile state of the economic recovery and may urge the RBA to hold the cash rate steady, economists say.
CBA has reiterated its forecast that the central bank will raise the cash rate to five per cent by the end of the year and 5.5 per cent by December 2011.
Housing commentators have warned more rate rises are likely to come, after the central bank increased the cash rate.
House prices grew at their fastest pace in two years in 2009 but any joy among homeowners will be short-lived with the RBA likely to raise the cash rate soon.
ANZ Banking Group Ltd and Bendigo and Adelaide Bank Ltd are reviewing their interest rates on loans following the Reserve Bank & #39;s decision to lift the cash rate.
The Reserve Bank has raised the cash rate by 25 basis points to 3.75 per cent, for an unprecedented third month in a row.