Tuesday, June 1st, 2010
Finally, after six interest rate hikes in the last 8 months, the RBA has provided a little relief to home owners today by deciding to hold the official cash rate at 4.5%. Citing factors including the fall in the Australian dollar, continued trouble in overseas markets and softening commodity prices, ...
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Tuesday, May 4th, 2010
The 0.25% interest rate rise from the RBA today is almost the worst kept secret of the past month. We all knew it would happen.
"With the risk of serious economic contraction ...
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Tuesday, April 6th, 2010
8 out of 15 economists had predicted what almost the entire country was certain of happening today - The Reserve Bank Of Australia raising interest rates by another 0.25% to 4.25%.
With a decline in inflation and the appearance of unemployment having peaked at lower than expected levels quoted as being ...
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Tuesday, April 6th, 2010
NAB has challenged others of the big four on rising interest rates. If the RBA raise rates by another 0.25% today as expected, NAB have made a promise to it's growing customer base that they will not raise by any higher than the amount that the RBA raise by. This ...
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Tuesday, March 2nd, 2010
As expected, the Reserve Bank of Australia has today raised interest rates once again, after stronger than expected house sales, a drop in unemployment to 5.4% and other dominating factors indicating a significant improvement in the economy.
"With the risk of serious economic contraction in Australia having passed, the Board ...
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Monday, March 1st, 2010
Confidence in the economy is back, and in no short supply either. Housing sales shot up by 9.5% in January, with more investors getting back into the market offsetting the downturn from the end of the First Home Owners Grant.
The Governor of the Reserve Bank Glenn Stevens has made ...
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Tuesday, February 2nd, 2010
The vast majority of economic opinion was swinging towards at least a 0.25% rate increase today from the first board meeting of the Reserve Bank of Australia. This was met with the unexpected - a hold on the official cash rate for the time being. The rate stays at 3.75%
Specifically ...
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Monday, November 30th, 2009
Over the past couple of days I have read many a comment (almost all negative) about rising RBA Interest Rates from ordinary people questioning exactly why it has to happen. People of course will most often only go to the length of publicly commenting about something if it annoys them, ...
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Monday, November 2nd, 2009
On the eve of Melbourne Cup day, and the RBA Interest Rates decision, for many the result is not about whether or not interest rates will go up, but by how much.
With inflation already well on the rise most are predicting a 50 basis point rise tomorrow, and more than ...
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Wednesday, October 7th, 2009
RBA governor Glenn Stevens announced tuesday afternoon that the board has decided the financial crisis is all but over in Australia, with the decision to lift interest rates from today by 25 basis points. Markets so far have had a shaky response to the move, but it seems to be ...
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