OurFinanceBlogs.com - Australian Finance Blogging Community

Bank on it: Higher Fees are Here to Stay

Posted by andyfvp on Nov 25th, 2008

The WSJ personal finance section had a timely piece on how banks are passing on or increasing transaction fees for its customers to offset mounting losses from other parts of their business ravaged by the credit crisis. According to a Bankrate study, the average costs of checking-account fees, ATM surcharges, bounced-check fees and monthly service [...]

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RBA Rate Cut… A Surprise?

Posted by Debbie on Nov 6th, 2008

According to the papers, yesterday’s 0.75% interest rate cut by the Reserve Bank of Australia (RBA) was a surprise. Not according to the markets it wasn’t. As we pointed out on Monday, there was a 79% chance the RBA would cut the Cash Rate to 5.25%.
Now we wonder whether the market is starting to get [...]

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Cost of credit or availability of credit?

Posted by cij on Oct 8th, 2008

As you will already know by now, the Reserve Bank of Australia (RBA) cut interest rates by 1% today, which was more than what the financial market expected at 0.5%. What a bold move! Or is it a sign that the RBA is panicking? Or perhaps is it a result of a plan by central banks around the world to synchronise their rate cuts in order to soothe the global credit market?

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