Tuesday, July 6th, 2010
The Reserve Bank (RBA) is tipped to keep official interest rates on hold when it meets today.
There have been six official interest rate rises since last October and the RBA has said several times it believes rates are now back at more normal levels.
Fears about global growth and the deterioration ...
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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, 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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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 ...
Posted in RBA Interest Rates | 1 Comment »
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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Monday, July 20th, 2009
I received the following in an email from a mortgage broker this evening. It about sums up the current interest rate market if you are looking to get a mortgage. I would have to agree, it doesn't make sense to fix in the present market with such a huge gap ...
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Tuesday, June 2nd, 2009
At it's monthly meeting today, the RBA has once again decided to freeze interest rates at their current position of 3.0 per cent. From the website:
"Evidence has continued to emerge that the global economy is stabilising, after a sharp contraction during the December and March quarters. The considerable economic policy ...
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