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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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NAB Predicts Interest rates on hold until mid 2012
- August 29, 2011
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, Inflation, Interest rate, Wealth
The National Australia Bank has adjusted its expectations for the timing of future movements in the official interest rate. According to a statement by the bank’s chief economist Alan Oster, NAB now expects a considerable period of inaction by the RBA. NAB still however continue to expect the direction of the next move in the
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Home loan interest rates my rise before the end of the year
- September 8, 2010
- Posted by: admin
- Category: Finance News
As expected the RBA kept the cash rate on hold at 4.50%. Rates have been on hold since June. Some banks are whispering the cost of funds are increasing so there is a very slim chance of them raising rates above the RBA at the next opportunity. With another rate rise the non bank sector will
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RBA to hold on home loan interest rates
- July 6, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank Board meets this Tuesday. No one could possibly be expecting any change in policy to come from his meeting. The key conflicting issues for the RBA will be the outlook for the global economy and the contagion of the European turmoil back to Australia. The key links that will be most prominent
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RBA maintains neutral stance
- June 2, 2010
- Posted by: admin
- Category: Finance News
The RBA kept its official policy rate unchanged at 4.5%, as unanimously expected. The bank now appears to have a neutral bias with the Governor delivering a balanced Statement to accompany the decision. The Statement focuses largely on developments in the global economy. Just one out of five paragraphs is devoted to Australian conditions. Events
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RBA on hold – inflation now in focus
- May 31, 2010
- Posted by: admin
- Category: Finance News
Information contained in this report was current as at 28 May 2010 The Reserve Bank Board meets next week on June 1. Following the last rate hike announcement on May 4 we argued that there was little chance of another rate move until the August Board meeting following the release of the une quarter CPI.
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April RBA Board Minutes: Central Bank Signals More Rate Hikes Ahead
- April 23, 2010
- Posted by: admin
- Category: Finance News
RBA March Board meeting minutes painted a very upbeat growth outlook for the emerging Asian and Australian economies in 2010 and beyond. The RBA sees local GDP growth running around trend, which is about 3.25%pa, with “inflation running around 2½%”, consistent with the medium target over 2010. Further out, the RBA does not discuss the
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Australian Economy GDP should bounce back above 3% in 2010
- January 7, 2010
- Posted by: admin
- Category: Finance News
GDP running at weak 0.5%pa in QIII 2009. Australia’s favourable outcomes flowed from good management and good luck. Real GDP rose by 0.2% in QIII 2009, putting annual growth at 0.5%. Growth is weak. But Australia has outperformed the very gloomy expectations of earlier in the year. Australia’s favourable growth and employment outcomes are, in
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Interest Rate Outlook RBA rate rises likely through 2010
- January 4, 2010
- Posted by: admin
- Category: Finance News
The RBA looks set to lift the cash rate to 4.25% in QI and to 5.0% by the end of 2010 as activity lifts. The world economy is improving as interest rates stay low and financial markets are starting to work properly again. Australia’s unemployment rate has peaked earlier and at a much lower level