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cash rate rises

Banks’ sneaky move after rate rise

A loan expert has weighed in on the whether big or small banks are giving bang for your buck as interest rates soar. Mortgage holders have sweated through 10 consecutive cash rate rises in less than a year as the Reserve Bank of Australia…

Real reason savings rate won’t rise

A monetary expert has revealed why banks won’t hike interest rates on savings accounts like they do on home loans, comparing borrowers to people in a casino game where “the house always wins”.The Reserve Bank has already warned Australians…

Tech stocks lead Aussie shares boom

The Australian sharemarket rose by 1.7 per cent within the first 45 minutes of trade on Wednesday after a lower than expected interest rate hike and a rally on Wall Street.The Reserve Bank of Australia surprised the market by easing the…