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RBA to hold on home loan interest rates
- July 6, 2010
- Posted by: admin
- Category: Finance News
No CommentsThe Reserve Bank Board meets this Tuesday. No one could possibly be expecting any change in policy to come from his meeting. The key conflicting issues for the RBA will be the outlook for the global economy and the contagion of the European turmoil back to Australia. The key links that will be most prominent
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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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Job rate stable as home loan interest rates take effect
- May 14, 2010
- Posted by: admin
- Category: Finance News
Consecutive home loan interest rate rises have cooled hiring, with the unemployment rate remaining stable at 5.4 per cent. Data from the Australian Bureau of Statistics found unemployment rose 0.3 per cent in NSW, 0.1 per cent in Queensland and 0.2 per cent in South Australia to 5.8, 5.6 and 5.6 per cent respectively. However,
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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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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
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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