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RBA cuts interest rates 50bp
- May 1, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
No CommentsThe Reserve Bank of Australia (RBA) has cut the official cash rate in its May Board meeting today, following weaker than expected inflation data. The Board thought it was prudent to cut the official cash rate 50 basis points to 3.75 per cent, after headline inflation turned out to be significantly lower than the RBA’s
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Westpac Predict Rates on Hold till 2011
- August 3, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank Board meets on August 3. With the surprisingly low inflation read for the June quarter (see below) there is no chance of a change in interest rates from this meeting. The underlying inflation read for the quarter printed 0.5% while the headline number printed 0.6%. It goes without saying that the number
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No rate hike' on soft inflation numbers
- July 29, 2010
- Posted by: admin
- Category: Finance News
The ABS Consumer Price Index’s headline figure rose 0.6 per cent in the June quarter compared with the previous quarter – that was well below the median analyst forecast of a 1 per cent rise. Of the 21 economists surveyed by Bloomberg the lowest estimate was for a 0.8 per cent rise, while many economists
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Expect home loan rate hike in August
- July 13, 2010
- Posted by: admin
- Category: Finance News
In a report on the RBA Governor’s Statement following the July board meeting we made the observation that: “It now appears likely that a 0.7%qtr print for core inflation would see policy unchanged at the August meeting, whereas we think a 0.8%qtr result would still see a rate hike.” We continued: “The last sentence in
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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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Inflation figures support rate rise
- January 28, 2010
- Posted by: admin
- Category: Finance News
The latest inflation figures have increased the possibility of a fourth consecutive interest rate rise. While headline inflation slowed last quarter to just 0.5 per cent, the Reserve Bank of Australia’s preferred measure of underlying inflation hit almost 0.7 per cent to reach an annual rate of 3.4 per cent – well above the central