What is shrinkflation?
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Shrinkflation is the practice of shrinking the size of consumer products while maintaining the price.
Official interest rates, also known as the cash rate, have been the source of countless news stories in recent years, with each movement generating plenty of chatter about the state of the economy, monetary policy, and the general direction it’s all heading.
When shopping for a home loan, you’ve probably noticed something called a comparison rate sitting beside the interest rate. But what is the difference between the two? Why is the comparison rate important?
The Reserve Bank of Australia has held interest rates steady for two months in a row. Inflation has slowed meaningfully enough for the central bank to wait and see for now, which is great news for those struggling under the weight of rate hikes.
Rainy day funds are essential, and earning interest is a fantastic and easy way to give them a boost. But how do the banks calculate your interest payments?
When you take out a loan, whether it’s a car loan, home loan or amount on a credit card, you’ll have to pay back both the amount you borrowed and interest on top of it. But what do we mean by that?
There are a lot of things you need to research and consider before making any kind of financial decision. One of those is your interest rate.
Good question. An interest rate is a fee you're charged for borrowing money, expressed as a percentage of the total amount of the loan.
The flip side of variable interest rates, fixed interest rates are one of the two main types of interest you’ll come across when choosing a loan or bank account.
Mozo has compiled this handy guide to give you the rundown on the facts, features, pros and cons of variable interest rates.
It was a week of fancy footwork as banks repositioned deposit and home loan products before the Reserve Bank of Australia (RBA) rate call next Tuesday. ANZ sliced fixed rates, only to flip its rate cut forecast hours later — which means all Big Four banks are now betting on a rate cut on Tuesday.
From falling inflation to shifting rate cut forecasts, the money moves were fast this week, and we’re back to cover what’s changed and what economists are now predicting for the Reserve Bank of Australia (RBA) meeting on Tuesday week (8 July).
As we reach the end of the financial year, we’re also staring down the next cash rate decision from the Reserve Bank of Australia (RBA), which will determine whether it’s time for a third rate cut, as NAB has forecasted, or as Commbank, ANZ and Westpac predict, whether the board will hold steady until the August meeting.
This week, 44 more lenders moved to pass on the Reserve Bank of Australia (RBA)’s latest 0.25% rate cut, with the average variable home loan rates one cut away from starting with 5 – but that doesn’t mean your repayments have dropped. From mortgage cuts that aren't flowing through to savings base rates being slashed, we break down what’s been happening behind the scenes this week in banking.