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Partial rates cut defended by CBA

October 8th, 2008 · No Comments · Banking, Finance

The Commonwealth Bank (CBA) has defended its decision not to fully pass on yesterday’s 100 basis point cut in interest rates.
 Ralph Norris, CBA chief executive, says he expects the bank to cut interest rates further when the global financial system stabilises.
“Once we get back to a normalised market situation, I think it’s fair to say [...]

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25% rise in water bills

June 25th, 2008 · No Comments · Water

Next month, Lismore residents will pay 25 per cent more for the water they use.
 The increase reflects a similar rise in the price being charged to the council by Rous Water says Lismore Mayor Merv King.
Councillor King says the council’s service charge to residents for water supply and sewerage will stay the same.
He says the [...]

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