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Rates on hold again
- September 4, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, House prices, Interest rate, Wealth
No CommentsAt its Board meeting earlier today, the Reserve Bank of Australia decided to keep the official cash rate on hold for the third consecutive month. Speaking about the Board’s decision, RBA governor Glenn Stevens said it was prudent to keep the cash rate on hold at 3.5 per cent. A spate of positive housing data
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Future rate cuts likely: ANZ
- September 4, 2012
- Posted by: admin
- Category: Australian Dollar, Enconomy, Financial goals, House prices, Inflation, Interest rate, Wealth
While it is unlikely that the Reserve Bank will cut interest rates when the Board meets later today, ANZ believe soft job data could encourage the RBA to relax the current monetary policy setting within the next few months. According to the latest ANZ Job Advertisement Series, the number of job advertisements on the internet and
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Rates on hold
- August 7, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Inflation, Interest rate, Wealth
The Reserve Bank of Australia has taken a wait and see approach to rates, leaving the official cash rate on hold for the second consecutive month. Earlier today, the Board decided it was prudent to leave the cash rate on hold at 3.5 per cent for another month to see what effect the rate cuts made
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August rate cut unlikely
- August 3, 2012
- Posted by: admin
- Category: Budget, Enconomy, Finance News, Financial goals, House prices, Interest rate, Wealth
While weak inflation figures have given the Reserve Bank room to cut the cash rate again this month, industry stakeholders believe the Board will opt to keep its powder dry. In the 12 months to June, the inflation rate hit a 13-year low of 1.2 per cent – down from 1.6 per cent in the year
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Fixed rate cycle tipped to turn
- July 25, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Interest rate, Wealth
Despite a spate of recent data indicating that the popularity of fixed rates is waning, now might be the right time for mortgage holders to fix their loan. Fixed rates are very low at the moment lower than they have been in years and as such, borrowers should think about fixing part or all of their home
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RBA cuts rates
- June 5, 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 second consecutive month. The decision came as no surprise to many economists after last night’s share market fiasco. Australian shares hit a six month low at close of business yesterday, wiping approximately $23 billion from the share market. This teamed with the recent drop in
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Interest rate cut looming
- June 4, 2012
- Posted by: admin
- Category: Bank Profits, Enconomy, Finance News, Financial goals, Inflation, Interest rate, Wealth
With the latest data from the Australian Bureau of Statistics showing the Australian economy is not performing strongly, there is a good possibility that the Reserve Bank will choose to cut the official cash rate again at tomorrow’s board meeting. The latest figures from the Australian Bureau of Statistics showed that retail spending dropped by
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Rate cut fails to improve sentiment
- May 18, 2012
- Posted by: admin
- Category: Budget, Enconomy, Financial goals, Home loan product, Inflation, Interest rate, Wealth
Consumer sentiment is flat, despite a 50 basis point cut from the Reserve Bank. The Westpac Melbourne Institute Index of Consumer Sentiment increased by 0.8 per cent in May from 94.5 in April. Westpac’s Chief Economist, Bill Evans, said the results were surprisingly low and fell well below expectations. Its is a disappointing result. It follows a surprise
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More banks move rates
- May 9, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, Home loan product, Interest rate, Wealth
As more lenders continue to move on rates, one thing is becoming very clear: no lender is prepared to pass on the full rate cut to borrowers. In the last few days, BankSA cut 38 basis points from its standard variable rate to 7.04 per cent, while St George also cut 0.38 per cent from its
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Cash rate to hit 3pc by year's end: ANZ
- May 8, 2012
- Posted by: admin
- Category: Enconomy, Financial goals, Inflation, Interest rate, Wealth
The Reserve Bank is expected to cut the official cash rate by a further 75 basis points before the end of the year, after new research revealed job advertisements slumped yet again. According to the latest ANZ Job Advertisement Series, the number of job advertisements on the internet and in newspapers fell 3.1 per cent in