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…….
Thank you for a great blog.