Tags
Abc News after Ahead Amp Australia Australian Australian Shares Australian Stocks Bank Banks Business News carbon Carbon Tax China deal Dollar Economy fall Federal Government Feed Business Interest Rates Investors jobs market Market News Melbourne mine miners Money News Feed Ninemsn over Pct Qantas Queensland Rba Reuters rise Shares Spectator Stocks Sydney Tasmania Wall Street WestpacUseful websites
Meta
Categories
-
Recent Posts
- Funding costs higher than during GFC: Kelly
- How has the rate of decline in the Aussie housing market measured against the US, UK and NZ?
- The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
- Westpac hints at further job cuts
- Westpac hints at further job cuts
Recent Comments
- Cameron Kusher on The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
- Tim Lawless on The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
- Tim Lawless on The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
- Tim Lawless on The gap between variable and fixed interest rates has just passed a historic peak. Is it time to fix?
- Cameron Kusher on How has the rate of decline in the Aussie housing market measured against the US, UK and NZ?
Archives
- February 2012
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
One Response to “Australia holds breath for 5th consecutive interest rate cut”
By admin on Feb 3, 2009 | Reply
“The cuts to interest rates, and the resulting mortgage rate reductions, have softened some of the damage. Still, the outlook is not bright. ”
This is exactly what I mean. This report from The Australian, using terms like “grim picture of the economy” and “confidence of consumers smashed”. The media love to scaremonger, so that when the self-prophetic negativity comes to pass they can say “I told you so”
We haven’t seen interest rates this low since 1960, and now it remains on banks to make good on there pre-cut promises to follow the RBA and drop mortgage rates as well.