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RBA too slow to act on inflation

RBA governor Glenn Stevens

THE Reserve Bank has been criticised for not taking earlier action on interest rates to avoid the spike in inflation.

Get used to more loan pain

Interest rate pain / Ivar van Bussel

THE message was -- should have been -- as clear as it was brutal. A message homeowners and prime minister and treasurer need to absorb. Indeed everyone.

20 comment(s)

PM's friendly reminder to RBA

Rudd / File

KEVIN Rudd has reminded the Reserve Bank of his plan to massively boost the budget surplus and tackle inflation, ahead of a likely interest rate rise.

Rate rise: One's not enough

Interest rates

THE near-certain interest rate rise to be delivered today by the Reserve Bank is being forecast as being too small to stem inflation.

RBA's inflation itch won't go away

RBA / File

INFLATION is still growing ahead of today's expected jump in interest rates to 7 per cent - its highest level in almost 12 years.

Property

Rudd to boost first home savings

Home sold / File

PEOPLE saving for their first home are to be given a helping hand by the Federal Government, with tax concessions worth $850 million over the next four years.

Market Watch

75%

Chance of a rate rise at next RBA meeting

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Interest Rates Guides & Tools

Repayment Calculator

Calculate interest and principal payments on a home loan.

Compound Interest

Calculate compound interest on a term deposit.

Borrowing Power

Find out how much you can borrow and your repayments.

Loan Components

Calculate interest and principal payments on a home loan.

Split Loan Simulator

calculate a split loan with fixed and variable components.

Fix Bad Credit

Get out of debt with this how-to guide on fixing bad credit ratings.

'Money Stuff' Blog:

Justin Herald tells it how it is

justin herald

AT just 25 with only $50 to his name Justin created Attitude Inc, a global clothing brand that became a $20 million a year business.

Click here to read this week's blog

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