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<a href="http://www.accessmylibrary.com/coms2/summary_0286-18951407_ITM" title="Facts and information about AUSTRALIAN CENTRAL BANK RAISES INTEREST RATES.">AUSTRALIAN CENTRAL BANK RAISES INTEREST RATES.</a>
AUSTRALIAN CENTRAL BANK RAISES INTEREST RATES.
AsiaPulse News
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March 02, 2005 |
COPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
CANBERRA, March 2 Asia Pulse - Official interest rates were increased 0.25 percentage points by the Reserve Bank of Australia (RBA) today.
For the first time since December 2003, the central bank decided it was time to lift the official cash rate to 5.50 per cent from 5.25 per cent.
The increase is likely to add around $A30 ($US23.56) to the average 25-year home loan of $A212,000 ($US166,504.8).
It follows ...
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Source: HighBeam Research, AUSTRALIAN CENTRAL BANK RAISES INTEREST RATES.