Is the recession over?
Oct 6, 2009 Daily Reads, Interest Rates
Australia’s Reserve Bank governor Glenn Stevens was reported to have told a Senate Committee that the recession was over and tipped of a rise in interest rates.
Is the recession really over?
Although job ads in Australia are reported to have increased recently, still unemployment in the US increased again to 9.8 percent in September with 263,000 [...]
What does a 0.15% increase in interest rate mean?
Aug 27, 2009 Interest Rates
We ask this question because as I was watching this morning’s news, one finance commentator said that a 0.10% to 0.15% increase in variable loan rate would mean something like $300 – $400 a week.
I find that incredible. The commentator was probably referring to the gross repayment amount and not the resultant increase in [...]
