Bilateral Local Currency Swap Agreement with the Bank of Japan

Media Release Number 2016-06: The Reserve Bank of Australia has signed a bilateral local currency swap agreement with the Bank of Japan, effective as of 18 March, 2016. This agreement is designed to enhance the financial stability of the two countries, allowing for the exchange of local currencies between the two central banks of up to AUD 20 billion or JPY 1.6 trillion. The effective period of the facility will be until 17 March 2019. Source:: RBA
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Reserve Bank Investment in Korean won

Media Release Number 2016-05: The Reserve Bank has recently invested a share of its foreign currency reserves in Korean won. The allocation of 5 per cent of net reserves to the won is in line with the allocations to the Japanese yen, Canadian dollar, UK pound sterling and Chinese renminbi. This investment will help to further diversify the Bank's foreign currency reserves. The benchmark foreign currency portfolio is now comprised of the following seven currencies. Source:: RBA
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Fixed home loans growing in popularity as cash rate holds (for now)

Earlier this month, the Reserve Bank of Australia made the decision to hold the cash rate at a historically low two percent, an outcome that 29 leading economists and experts in the finder.com.au RBA Survey unanimously predicted. However, with rates expected to rise in the near future, borrowers are being cautioned not to become complacent. More than half of the experts surveyed by finder.com.au don’t foresee a rate cut in 2016. Instead, 34 percent anticipate a rate rise later this year and 5...
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Late week surprise…….. Me Bank Lowers Interest Changes

Late week surprise Me Bank Lowers Interest Changes   Product Name Flexible Home Loan - 1 Year Fixed (Investment) Flexible Home Loan - 2 Year Fixed (Investment) Flexible Home Loan - 3 Year Fixed (Investment) Flexible Home Loan - 4 Year Fixed (Investment) Flexible Home Loan - 5 Year Fixed (Investment) Flexible Home Loan with Member Package - 1 Year Fixed (Investment) Flexible Home Loan with Member Package - 2 Year Fixed (Investment) Flexible Home Loan with Member Package ...
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BankWest bank increases Interest rates

Bankwest has just announced that it will lift its variable home loan rates. Bankwest today announced it will increase interest rates by 18basis points across its variable home loan portfolio, effective 17 November 2015. Is it time to review your Home Loan ? http://www.1300whatloan.com/news/bankwest-bank-increases-interest-rates
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