Author Archive for Treasurer

RBA update 6/10/2009 – rates up 0.25%

Hi all,

The Reserve Bank of Australia (RBA) has INCREASED the official interest rate by 0.25% or 25 basis points, a key sign the Australian economy is starting to gain momentum.

The bad news is that all lenders will be reviewing their current interest rates and passing on the increase shortly. ANZ have moved today the full 0.25%.

Please do not hesitate to contact me for any further information – treasurer@mbiznetwork.org.au or ploupetis@odysseyfinancial.com.au

READ THE EXPLANATION FROM GLENN STEVENS – RBA GOVERNOR…….

 http://www.rba.gov.au/MediaReleases/2009/mr-09-23.html

To fix or not to fix!

AND…. Thanks again to all who listened to my presentation on “to fix your interest rate or not to fix” yesterday. I hope it was relevant and beneficial to some of the members & guests in attendance.

For any further info, please feel free to email me; paul@affinitymortgagecentre.com.au

Paul!

Treasurer report

Hi MBN people,

Just letting you know i met with our fellow member Stephen Chenoweth (PCM accountants) and in the process of completing our financials!!!!!! Yipppeee! We all love tax time.

Paul