Bruce's Blog

Melbourne Cup And the Reserve Bank of Australia

Mon, Oct 31st 2011, 09:27

Will you be a winner tomorrow?

 

Melbourne Cup and a Reserve Bank will combine to perhaps make your day!

 

“Americain” interest rates have been near zero, but this time “The Verminator” (alias the RBA) seems to be an “Unusual Suspect”.

It may be a “Drunken Sailor” and give us the rate cut we deserve…..or will it again be “Lost in The Moment”?

The “Jukebox Jury” will be out till tomorrow afternoon, when all bets will be off  .. er ..over.

Who or what will take “Precedence”?

 

Whatever happens, the major lenders are continuing their “Fox Hunt” for new customers with some great rate offers and up to $1,000 towards moving from your existing lenders … extended to end of November.

Existing customers do not get these offers from their own bank.

 

If there is a rate cut, it is likely to show up in Standard Variable Rates only with maybe a fall in the discounts currently offered.

 

So one last tip …….November then may be the month to get a review on your current finances and lender.