For those who aren’t already aware of what’s going on in the Finance Sector the RBA Board decided to reduce the cash rate by 25 basis points to 3.0 per cent, effective 5 December 2012 which is the lowest it has been since the height of the global financial crisis in 2009.
This means that mortgage payments will be down and you will have more money to spend on your family at Christmas or put into your savings to help save for that trip you have wanted to go on for so long.
Have you ever wondered what the rest of the world’s interest rates are compared to Australia’s? Thought about making a scene change and moving to a new country?
Here is a graph that shows other countries Interest Rates.