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Rates jump - again
CHRIS ZAPPONE
April 6, 2010 - 2:30PM Up, up and away: Interest rates rise again
Business Day journalist Chris Zappone dissects today's Reserve Bank decision to increase interest rates by 0.25%.
Borrowers will be stung again after the Reserve Bank raised its key interest rate by another 25 basis points - its fifth increase in the past six meetings.
The central bank today lifted the cash rate - banks’ starting point when calculating mortgage rates - by a quarter of a percentage point to 4.25 per cent, up from the 4 per cent level that has been in place since last month’s 25-basis-point rise.
CHRIS ZAPPONE
April 6, 2010 - 2:30PM Up, up and away: Interest rates rise again
Business Day journalist Chris Zappone dissects today's Reserve Bank decision to increase interest rates by 0.25%.
Borrowers will be stung again after the Reserve Bank raised its key interest rate by another 25 basis points - its fifth increase in the past six meetings.
The central bank today lifted the cash rate - banks’ starting point when calculating mortgage rates - by a quarter of a percentage point to 4.25 per cent, up from the 4 per cent level that has been in place since last month’s 25-basis-point rise.
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