Artog - Car Finance News

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The Artog NEWS section delivers a comprehensive offering of current news to the car finance industry.

RBA makes rate cuts crystal clear
Wednesday, August 20, 2008
The minutes of the Reserve bank board meeting from August show that the bank intends to cut rates at its September board meeting. Analysts said the RBA had made its intentions crystal clear.

Swan tells the banks
Monday, August 18, 2008
Short term debt prices are coming down so banks should be looking to cut their interest rates to borrowers said the Treasurer Wayne Swan yesterday. The RBA has signalled a willingness to cut rates as soon as next month.

Banks told to pass on cuts
Friday, August 15, 2008
The deputy governor of the reserve Bank, Ric Battellino, said if banks did not pass on rate cuts to customers, the Reserve would keep cutting rates until they did.

Rates to fall to five per cent next year
Friday, August 08, 2008
Interest rates will be cut by the Reserve Bank by half a per cent in September despite stronger than expected jobs data released yesterday, says Westpac.

Banks may not pass on rate cuts
Thursday, August 07, 2008
New mortgage sales fell in the first half of 2008 by 25 per cent according to the Australian Bureau of Statistics. CommSec said the figures represented the weakest start to a year since 1989.

Credit growth stalls
Friday, August 01, 2008
Growth in the amount of money Australians owe their banks and other lenders has slumped to its lowest level since 1993. Credit growth was up just 1.3 per cent in the June quarter to $1.85 trillion after many years of very high growth rates.