News

The Reserve Bank of Australia has announced an expected 0.25% interest rate rise for all Australians bringing the Cash Rate to 3.50%. 

In the statement by the Governor, Glenn Stevens he said "the global economy has resumed growth and the recovery is expected to continue in 2010.  However, the expansion is expected to be modest in major countries due the legacy of the financial crisis." 

Australian economic conditions have been stronger than expected and confidence has recovered.  Dwelling activity and public infrastructure spending is starting to provide more support to the economy.  The unemployment rate is now likely to peak at a lower rate than previously expected and the share market has recovered significant ground since the financial crisis. 

If you are interested in a loan/ lease for property/ vehicle/ equipment or your business contact us for a consultation.  We can also discuss with you how this recent interest rate rise impacts your personal situation.