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Rates on hold again
- September 4, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, House prices, Interest rate, Wealth
No CommentsAt its Board meeting earlier today, the Reserve Bank of Australia decided to keep the official cash rate on hold for the third consecutive month. Speaking about the Board’s decision, RBA governor Glenn Stevens said it was prudent to keep the cash rate on hold at 3.5 per cent. A spate of positive housing data
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Interest rate rise back on the agenda
- July 28, 2011
- Posted by: admin
- Category: Finance News
A strong and sustained rise in underlying inflation has reignited interest rate fears and forced economists to rethink their market expectations. The Consumer Price Index grew 0.9 per cent – pushed by a banana led spike in fruit prices. But despite the increase in underlying inflation, industry stakeholders have claimed any upwards rate movement by
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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
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Home loan interest rates on hold
- August 3, 2010
- Posted by: admin
- Category: Finance News
The central bank today decided to keep the official cash rate on hold as was widely anticipated by economists following the release of better than expected inflation data last week. The Consumer Price Index (CPI) rose 3.1 per cent in the year to June quarter, slightly above the RBA’s target level of 2-3 per cent.
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Home Loan Rates may rise in August: economists
- July 7, 2010
- Posted by: admin
- Category: Finance News
Economists warn concerns about stubborn inflation could prompt the central bank to lift rates as early as August. The RBA left the cash rate at 4.5 per cent for a second-straight month on Tuesday, as expected. “The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the
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Statement by Glenn Stevens, Governor: Monetary Policy Decision
- July 6, 2010
- Posted by: admin
- Category: Finance News
At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy has continued to expand over recent months, consistent with a trend pace of growth. The expansion remains uneven, with the major advanced countries recording only modest growth overall, but growth in Asia and Latin America, to
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RBA keeps rates on hold
- July 6, 2010
- Posted by: admin
- Category: Finance News
Volatile financial markets caused by problems in European economies forced the RBA to keep the cash rate steady at 4.5 per cent for the second month in a row. After three consecutive rate rises earlier in the year, the RBA has today decided to leave rates on hold again in July. “The current setting of
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Reserve Bank tipped to show mercy
- June 8, 2010
- Posted by: admin
- Category: Finance News
Home loan interest rates were left on hold in June for the first time in four months, although financial markets are factoring in several more increases in 2010. AMP Capital Investors chief economist Shane Oliver, however, is expecting the Reserve Bank of Australia (RBA) to show some short-term mercy. The clues may be heard in
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Home Loan Rates on hold, for now
- June 1, 2010
- Posted by: admin
- Category: Finance News
After three consecutive rate rises, the RBA has decided to leave the official cash rate on hold. The RBA has raised official interest rates six times since last October, taking the official cash rate from the historic lows of 3 per cent to what the central bank considers a more normal rate of 4.5 per
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Banks pounce on interest rate hike
- May 6, 2010
- Posted by: admin
- Category: Finance News
The RBA’s sixth hike in eight months takes the official cash rate target to 4.5 per cent and will add about $48 a month to mortgage repayments on a $300,000 loan with a 25-year term. The Commonwealth Bank was the first of the big banks to announce it was lifting its rates following the RBA
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