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The Highest Annuity Interest Rates in the Country | |
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| Commonwealth CEO won't rule out unofficial rate rises Commonwealth Bank CEO Ralph Norris has refused to rule out a return to interest rate rises, warning of the continuing high cost of international borrowing in the worst finance sector crisis in 60 years. Interest rate cut saves average farmer $146 a month Yesterday's cut in interest rates will provide some relief to farmers struggling with a trebling of average farm debt during the drought, Minister for Agriculture, Tony Burke said. Don't bank on more cuts, says RBA The Reserve Bank has signalled that its latest interest rate cut - the first in seven years - could be a one-off as a plummeting Australian dollar injects new uncertainty into the economy. RBS and NatWest to reduce rates on fixed and tracker mortgages The Royal Bank of Scotland and National Westminster Bank have announced that they are to reduce mortgage rates, with cuts up to 0.35% - with the prices on the majority of new fixed and tracker mortgages lowered by at least 0.10%. Three Fed Banks Sought an Increase in Discount Rate (Update1) Sept. 2 -- One-quarter of the Federal Reserve's regional district banks lobbied to raise the discount rate in July, signaling rising pressure to increase borrowing costs to banks even as economic growth slows. (AFX UK Focus) 2008-09-03 02:38 China yuan central parity rate set at 6.8398 to dollar vs 6.8359 BEIJING XFN-ASIA - The central bank has set the yuan central parity rate at 6.8398 to the dollar, according to the China Foreign Exchange Trading System. Guaranteed Income With Strings Attached Annuities can guarantee a lifetime of income. But that guarantee will cost you. Australia's Economic Growth Slows to 0.3% on Spending (Update1) Sept. 3 -- Australia's economic expansion slowed in the second quarter to the weakest pace in two years as consumers reduced spending, reinforcing the central bank's decision to cut interest rates for the first time since 2001. Australian market trades higher, led by banks RTTNews - The Australian stock market was trading higher Wednesday, as banks extended their gains after the interest rate cut on Tuesday by the central bank and a sharp fall in crude oil prices. However, a fall in commodity prices weighed on the resources sector. Australian Banks to Pass on Full Interest-Rate Cut (Update1) Sept. 2 -- Australia's four biggest banks said they will cut interest rates for variable home loans after the central bank today reduced its benchmark rate for the first time in seven years. |


