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.....
Indicators show that inflation is rising at its fastest rate in five years but economists say there is almost no chance of the Reserve Bank increasing interest rates when it meets later today. The TD Securities-Melbourne Institute survey puts the inflation rate at 4.5 per cent for the year to the end of May, with an increase of 0.3 per cent in the month. However a sharp fall in consumer spending means that the RBA may be reluctant to move rates for now. Retail spending fell by 0.2 per cent in April compared with market expectations of a 0.2 per cent rise. CommSec analyst Savanth Sebastian said that, having achieved a slowdown in consumer spending, the "RBA will wait for inflation data after the June quarter before deciding about another rise".
