Finance Compass | Loan service
Finance Compass
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17.01.2022 The Reserve Bank Board met in our Sydney head office and decided to leave the cash rate unchanged at 0.75 per cent. The next meeting will be held on 4 February 2020.
16.01.2022 I’ve been asked a number of times whether the recent interest rate cuts mean people are able to borrow more. Up until now our assessment rates haven’t changed so the answer has been no. APRA have just announced lenders can set their own assessment benchmarks provided there is a minimum buffer imposed. It will be interesting to see what lenders do here but the result is borrowers will be able to borrow more!... Like everything there are pros and cons here but in an extremely low rate environment it doesn’t make sense to continue with 4%+ buffers. A regulator using common sense
14.01.2022 Cash Rate Holds at 1.00 per cent
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