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Home Loan Lending hit by higher rates
- February 11, 2010
- Posted by: admin
- Category: Finance News
No CommentsThe number of home loans for new dwellings has dropped for the second consecutive month as the effect of three rate rises last year begins to make its mark on borrowers. According to the Australian Bureau of Statistics, the number of loans for new dwellings dropped by 6.4 per cent in December, following a 7.1
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Interest rate rises in Labor hands
- February 10, 2010
- Posted by: admin
- Category: Finance News
THE head of the Reserve Bank has held out the prospect of continuing low interest rates, as long as Labor sticks to its pledge to restrain spending… Explicitly acknowledging the link between government spending and interest rates claimed by the federal opposition, Glenn Stevens told a closed symposium in Sydney to expect ”a lengthy period
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RBA flags further rate rises
- February 8, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank expects it will need to impose another three increases in the official interest rate by the end of this year to reduce inflation as the Australian economy strengthens… The RBA has increased its forecast for economic growth in Australia, expecting a faster pace over the next two years. Underlying inflation is forecast
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Hot labour and housing markets fail to fire up the RBA
- February 3, 2010
- Posted by: admin
- Category: Finance News
– RBA keeps rates on hold at 3.75% delivering a surprise pause. – Rate hike cycle is far from over, with further adjustments flagged. – Friday’s Statement on Monetary Policy likely to be the first in a long list of opportunities to outline the path ahead. With zero of the three seemingly ‘anointed’ financial journalists getting
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RBA announces interest rate remains unchanged
- February 2, 2010
- Posted by: admin
- Category: Finance News
The Reserve Bank of Australia (RBA) has announced today that the Official Cash Rate will remain unchanged. Therefore the Official Cash Rate remains at 3.75% The message today is that although rates are going up it will be gradual and measured. With the economy heading back to potential growth rates and little spare capacity, we
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Loan defaults to rise: Fitch
- January 14, 2010
- Posted by: admin
- Category: Finance News
Loan defaults are expected to rise over the coming year as interest rates return to more neutral levels and the government stimulus measures are progressively wound back. According to Fitch Ratings semi-annual report on the major banks, impaired assets rose significantly during 2009, at a time of considerable fiscal stimulus and emergency low monetary policy