Banks withhold interest rate cuts

The Reserve Bank announced a 0.25 per cent interest rate cut yesterday, Tuesday 4 December 2012. The big four banks chose not make an announcement as to whether or not this rate cut would be passed on to customers, a decision which would have been made and announced promptly in the past.


End of the credit card gouge

For years Australians have been paying over the odds for the convenience of paying by credit card. A new ruling by the Reserve Bank of Australia (RBA) means fairer surcharges will soon be on the cards.


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