Times Past: December 15, 1994

John Paul Moloney
December 15 2019 - 12:00am
The front page of The Canberra Times on December 15, 1994.
The front page of The Canberra Times on December 15, 1994.

A rates rise just in time for Christmas gave readers of page 1 something to scowl about on this day in 1994. The big banks took only a day to pass on the full 1 per cent rise announced by the Reserve Bank, leaving home owners with the likes of Commonwealth and St George facing a 10.5 per cent variable rate.

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John Paul Moloney

John Paul Moloney

Managing Editor - The Canberra Times

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