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Amy Flower

Amy has a degree in law. She has also served as a Witness Service Volunteer for Victim Support. Amy writes on all topics related to personal finance, banking and identity fraud.

Amy is a Senior Credit Analyst at checkmyfile

Articles Recently Posted by Amy Flower

ANZ home loan rates staying at 6.8%

The Reserve Bank of Australia (RBA) held the cash rate this month after the two successive cuts in May (50 basis points/half of one per cent) and June (25 basis points/one quarter of one per cent). Continued concerns about the impact of Eurozone problems and an uncertain future for domestic growth have resulted in the rate being held at 3.5%.

ANZ is the first of the big four banks to announce that it will also be holding its standard variable interest rate at 6.8% for home loans. Despite rising costs for the bank, chief executive, Philip Chronican, explained that one of the main reasons for the decision was to remain competitive within the market. In a statement he explains that average household budgets are being squeeze .....

20 Jul 2012 by

Amy Flower

 in 

Banking

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