Tag: interest rate calculator
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ANZ Economists Predict Significant Rate Cuts Amid Global Uncertainty
Australian mortgage holders are bracing for potential changes in interest rates, with ANZ economists suggesting that rate cuts could come sooner and in greater magnitude than previously anticipated. This shift follows US President Donald Trump’s announcement of a 10% tariff on all imports, which could impact Australia’s exports to the US. The Australian Guide to…
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Virgin Money Reverses Decision, Passes Full Rate Cut
In May 2025, the Reserve Bank of Australia announced a rate cut that many banks were expected to pass on to their customers. However, 14 Australian banks initially resisted implementing the full rate reduction, including Virgin Money. This decision sparked concerns among customers who faced the prospect of paying higher interest rates compared to other…