If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
RBA in no rush to raise rates again 18 February 2010
The Reserve Bank is waiting for further signs of economic recovery before it will raise interest rates again, according to the minutes of the last board meeting released this week. The minutes have dampened expectations of rate rises in coming months.The RBA expressed concern that consumer spending had waned during the run up to Christmas, and that three consecutive interest rate hikes plus the effect of the government stimulus package drawing to a close had taken much of the froth out of the property market.The RBA is still of the belief that it will need to continue raising interest rates during the rest of the year, with the decision to hold at 3.75 per cent in February giving the central bank time to monitor overseas events, and the state of the Australian economy.JPMorgan chief economist Stephen Walters said yesterday: “The main message is that the Reserve Bank is in no rush to hike again.”
