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Home Loan Interest rates to rise above ‘neutral’ setting
- April 14, 2010
- Posted by: admin
- Category: Finance News
No CommentsDespite a slight drop in business confidence in March, economists remain bullish about the future of home loan interest rates. According to NAB’s latest monthly business survey and economic outlook, the RBA is expected to raise the official cash rate in May, August, September and December – taking it to 5.25 per cent by year’s
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ANZ Explains home loan interest rate rise
- April 7, 2010
- Posted by: admin
- Category: Finance News
Yesterday’s decision by the RBA to lift the cash rate for the second consecutive month by 25bp to 4.25% is another step in the policy normalisation process. Moreover, the statement accompanying the change in policy suggests there has been no significant change in the Bank’s thinking around the need to return policy to a more
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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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ANZ predict 25bp home loan interest rate rise
- March 31, 2010
- Posted by: admin
- Category: Finance News
We expect the RBA to raise the cash rate 25bp to 4.25% following next week’s Board meeting. Given the RBA’s increasing focus on the housing market, today’s data will provide further impetus for tightening sooner and stronger than was anticipated just a few months ago. Today’s data indicate short-term volatility but persistent growth for the
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RBA calls for reliable CPI
- March 18, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank of Australia is calling for an overhaul of the nation’s key inflation measure as concerns mount that delayed readings could distort monetary policy. According to a report in The Australian Financial Review, the Reserve Bank wants the Australian Bureau of Statistics (ABS) to release its Consumer Price Index (CPI) results on a
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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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Home Loan borrowers feel pain of rate rises
- March 11, 2010
- Posted by: admin
- Category: Finance News
It seems that the four rate rises in six months are starting to have an impact on potential home buyers. Data from the Australian Bureau of Statistics (ABS) showed home loan approvals dropped in January –the fourth consecutive decline. Home loan approvals plummeted by 7.9 per cent in January, the biggest fall since June 2000.
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The Reserve Bank has signalled more home loan interest rate rises are on the way after it yesterday lifted the cash rate to 4 per cent…
- March 3, 2010
- Posted by: admin
- Category: Finance News
The RBA raised interest rates by 0.25 percentage points in a move widely expected by economists, and most predict rates will rise about one percentage point over the remainder of 2010. The big banks wasted no time following the RBA’s lead. The Commonwealth Bank announced within 90 minutes of the RBA’s decision that it would
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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