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Poor housing figures; RBA leaves rates on hold
- October 5, 2010
- Posted by: admin
- Category: Interest rate
No CommentsThe Reserve Bank has surprised the industry by choosing to leave the official cash rate on hold at 4.5 per cent. Despite widespread speculation that the RBA would tighten monetary policy in a bid to stop inflationary pressure from seeping into the wider economy, a spate of less than impressive housing data forced the board
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Fixed rate mortgage demand
- October 5, 2010
- Posted by: admin
- Category: Interest rate
Borrowers look to lock in their interest rate ahead of the next predicted rise. It appears fixed rate home loans now account for 3.7 per cent of all loans written – the highest level since September 2009. New borrowers are becoming more cautious about their interest rate and future repayments. I have seen over the
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Interest rate hike for October & November?
- September 28, 2010
- Posted by: admin
- Category: Interest rate
The Reserve Bank is clearly more convinced about the inflation risks and is prepared to act before some other issues, particularly associated with the attitudes of consumers are clear. The warning that rate rises are on the way was explicit it was likely that higher interest rates would be required The RBA is clearly driven by its assessment of
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Interest rates to rise earlier
- September 21, 2010
- Posted by: admin
- Category: Interest rate
Experts predict there is an 80% chance interest rates to rise over the coming quarter. While the RBA decided to leave rates on hold last quarter, governor Glenn Stevens has hinted that rates will go up sooner rather than later. It appears the global economy will record reasonable growth over the coming year, though not