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Feb rate cut unlikely
- February 1, 2013
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
No CommentsA majority of Australian homeowners do not expect the Reserve Bank of Australia (RBA) to cut the official cash rate when the board meets next week. According to a survey conducted, 55 per cent of respondents believe the cash rate will remain at its current level of 3 per cent. Of the 452 respondents,
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Cash rate to hit 2.25pc
- January 30, 2013
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Interest rate, Wealth
National Australia Bank is predicting three rate cuts this year despite the fact that new research shows business confidence is on the rise. According to NAB’s latest monthly business survey, business confidence improved considerably in December after deteriorating to its weakest level since April 2009 in the previous month. Despite this, the bank’s chief economist
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RBA cuts rates
- December 4, 2012
- Posted by: admin
- Category: Australian Dollar, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has stripped 25 basis points from the official cash rate, taking it to the all time low of 3 per cent. The rate cut means the Reserve Bank has now slashed 125 basis points from the cash rate over the last 12 months. While the official rate now sits at
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Rate cut likely
- December 3, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
While many economists believe the Reserve Bank of Australia (RBA) will cut the official cash rate again when the Board meets tomorrow, it is not a guaranteed event. With new economic data showing weakening investment intentions and only modest signs that monetary policy is driving rebalancing of growth, a 25 basis point rate cut next
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New home sales climb higher
- November 30, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
New home sales climbed off the mat in October, following a very weak period in mid-2012. A 3.4 per cent increase in new home sales in October is a modest result, but at least it is a move in the right direction. The HIA New Home Sales report, a survey of Australia’s largest volume builders,
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Housing affordability shows signs of improvement
- November 28, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, House prices, Inflation, Wealth
Housing affordability has shown further signs of improvement, giving the Reserve Bank less reason to cut the official cash rate next month. The latest HIA-CBA Housing Affordability Index increased by 5.3 per cent in the September 2012 quarter to be up by 15.0 per cent compared to the same quarter in 2011. This is the
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Rates on hold
- November 6, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
Despite a raft of less than impressive economic data, the Reserve Bank of Australia has decided to keep the official cash rate on hold. At its monthly Board meeting earlier today, the RBA decided it was prudent to keep the cash rate at 3.25 per cent – slightly above the historic low of 3 per
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RBA to cut rates
- October 30, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has moved the official cash rate every November for the past six years and it seems this year is not going to be any different. The Reserve Bank should and will cut on Melbourne Cup Day, despite the recent benign inflation result. Australian inflation in the September quarter was a
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RBA cuts rates
- October 2, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has cut the official cash rate for the first time in four months. At its monthly Board meeting, the Reserve Bank decided it was prudent to cut the cash rate from 3.5 per cent to 3.25 per cent in a bid to stimulate buyer confidence. Inflation rose just 0.2 per
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RBA to err on the side of caution
- October 2, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, Inflation, Interest rate
My guess is the Reserve Bank will opt to keep the official cash rate on hold when the Board meets later today. With inflation sitting quite low, the reserve Bank has scope to cut the official cash rate if it needs to, but will more than likely err on the side of caution and leave