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Cash rate to hit 2.25pc
- January 30, 2013
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Interest rate, Wealth
No CommentsNational Australia Bank is predicting three rate cuts this year despite the fact that new research shows business confidence is on the rise. According to NAB’s latest monthly business survey, business confidence improved considerably in December after deteriorating to its weakest level since April 2009 in the previous month. Despite this, the bank’s chief economist
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Rate cut fails to improve sentiment
- May 18, 2012
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Home loan product, Inflation, Interest rate, Wealth
Consumer sentiment is flat, despite a 50 basis point cut from the Reserve Bank. The Westpac Melbourne Institute Index of Consumer Sentiment increased by 0.8 per cent in May from 94.5 in April. Westpac’s Chief Economist, Bill Evans, said the results were surprisingly low and fell well below expectations. Its is a disappointing result. It follows a surprise
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Home Loan Interest Rates May Drop
- May 25, 2010
- Posted by: admin
- Category: Finance News
Markets are now pricing in about a 20% probability of a rate cut in Australia by September. That of course is in response to the huge volatility in financial markets in response to the European crisis. They are harking back to the surprise 100bp rate cuts we saw in October and November 2008 in the aftermath of the