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Newcastle Herald

Business

Penelope Green

INSANE: Perm passes on the latest rba rates increase | Rare Historical Photos

Perm RBA Bernadette Inglis Newcastle Permanent

Newcastle Permanent chief executive officer Bernadette Inglis. Picture supplied.

NEWCASTLE Permanent will increase interest rates for variable loans and selected savings accounts in the wake of the Reserve Bank of Australia's decision to increase the cash rate by 0.50%, from 1.85% to 2.35%.

The Perm announced its decision late on Tuesday, a week after the central bank raised rates for the fifth consecutive month.

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