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Statement by Glenn Stevens, Governor: Monetary Policy Decision
- July 6, 2010
- Posted by: admin
- Category: Finance News
No CommentsAt 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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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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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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CBA predict home loan rates to hold until may
- April 1, 2010
- Posted by: admin
- Category: Finance News
CBA expect the RBA to lift the home loan cash rate to 4.25% in May as part of the gradual shift to more normal settings. Today’s February RBA Credit data continued the favourable pattern of the past seven months. Thankfully, it did not replicate the weakness apparent in today’s other releases on building approvals and
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Westpac Predict Home loan rates to hold for now
- April 1, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank Board next meets on April 6. Markets are currently pricing a probability of around 60% that the Board will decide to lift rates by a further 25 bp’s. While we have consistently argued that all Board meetings over the course of 2010 are likely to be ‘live’, we do not expect to
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RBA data still points to May home loan rate hike
- March 15, 2010
- Posted by: admin
- Category: Finance News
This week’s data releases have painted an interesting picture for the near term outlook for monetary policy. We still expect the RBA to raise the cash rate by 25bp’s in May but there are historical precedents to show that the Bank may be a little unnerved by the current contraction in new housing finance. On
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Strengthening economy pushes Home Loan Rates higher
- March 2, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank of Australia has raised the official cash rate 25 basis points to 4.00 per cent – the first rate hike for 2010. The Reserve Bank increased interest rates three times in quick succession in late 2009, prompting concerns that consumer demand would weaken, especially as fiscal stimulus was also being steadily withdrawn.
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Westpac Predict RBA to Raise Home Loan Interest Rates by 25bps
- March 1, 2010
- Posted by: admin
- Category: Finance News
RBA to raise rates home loan interest rates by 25bps – due to tightening labour markets & demand pressures on inflation. Past performance is not a reliable indicator of future performance. The forecasts given above are predictive in character. Whilst every effort has been taken to ensure that the assumptions on which the forecasts are
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RBA Governor's testimony: confirms home loan rates to rise, timing uncertain
- February 22, 2010
- Posted by: admin
- Category: Finance News
Opening statement The Governor concluded his statement with: “If economic conditions evolve roughly as we expect, further adjustments to monetary policy will probably be needed over time to ensure that inflation remains consistent with the target over the medium term”. This repeats the wording of the RBA’s statement from the February meeting. On world growth, the Governor notes that the
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Strengthening employment bad news for home loan borrowers
- February 12, 2010
- Posted by: admin
- Category: Finance News
Australia’s strong employment data has increased the risk of a home loan rate rise in March. According to data from the Australian Bureau of Statistics (ABS), the number of people in employment jumped to 10.966 million in January – an increase of 52,700 people since December. The increase in employment figures was partly attributed to