Reserve Bank Raises Rate Again


The Reserve Bank raised the cash rate by 25 basis points  to 4.50% today, 5th May 2010 for the 3rd time this year. ANZ were one of the first lenders to respond and raised their rates by the 25 basis points as well.

Hopefully the Reserve bank feels this is sufficient and at the next meeting decides to keep the rates on hold but we won’t hold our breaths.

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