Reserve Bank raises rates 0.25% due to inflation in Australia

 The Australian Reserve Bank has chosen to raise the official cash rate 0.25% which some experts have claimed to be too little too late. The inflation rate is sitting at 3.8% and the official cash rate now is 3.85%. More from the RBA statement here.

Perth has the Cleanest Air in the World, except Zurich

 When people come to Perth, they often admire the air and of course, we would just think that it was a general expression about our clear blue skies. What has become official is that Perth actually has the second cleanest air in the world, second only to Zurich, Switzerland! According to House Fresh which is a publication on air quality, Perth is the second most unlikely place in the world that you would need an air purifier. Apparently, their scientific method of measuring air quality found that Perth has 365 days a year of clean air. Only nine cities in their survey met this criteria, with six of them coming from Australia or New Zealand. 

So for those wondering if there is something in the water in Perth, it's more likely what's not in the air that you are really noticing. 

RBA Increases cash rate to 4.35% - which banks have followed?

Today, the RBA increased the cash rate by another 0.25% due to the persistent inflation rate in Australia and around the world. This is the highest rate in 12 years. So which banks have followed the RBA in raising their interest rates?

Commonwealth Bank - up 0.25% from 17 Nov.

Bankwest - up 0.25% from 17 Nov.

NAB - up 0.25% from 17 Nov.

Westpac - up 0.25% from 21 Nov

ANZ - up 0.25% from 17 Nov