Yes, its coming around to interest rate time again and the RBA has slashed the core cash rate again by another 100 basis points. The key cash rate is now around 4.25%, a level that matches a previous record low after the September 11 attacks in 2001. On a $300K home loan, you would save [...]

Yes, I was right and maybe Glenn Stevens, the RBA Governor does read this blog. I stated at few days ago that the RBA needed a 50 basis point cut to the official cash interest rate “like yesterday” - and today the RBA have cut it by a full percentage point. The cut puts the [...]

Interest Rates
As discussed previously, forward exchange rates are expressed as a forward discount or a forward premium. The most common reason as to why they are higher or lower than the current spot rate is due to the interest rates of the 2 countries involved in the currency exchange.
Indirect Quote [...]