Flood uncertainty keep rates on hold
Tuesday, February 1st, 2011Interest rates have stayed on hold as expected, with the uncertainty over the economic impact of the floods weighing on the RBA's decision. View full post on ABC News: Business
Interest rates have stayed on hold as expected, with the uncertainty over the economic impact of the floods weighing on the RBA's decision. View full post on ABC News: Business
Housing finance tumbles
Sunday, January 23rd, 2011According to the Bureau of Statistics, the number of owner occupied housing finance commitments fell 7.9% in January, seasonally adjusted. The market was expecting a 2% rise over the month, and the fall does not seem to fit with a supposed boom in construction. Including investment housing, but excluding re-financings, the number ...
Consumers confused ?
Friday, January 21st, 2011The Westpac – Melbourne Institute Consumer Sentiment Index increased marginally to 117.3 in March from 117.0 in February. The survey was conducted in the week where the RBA increased the official cash rate by 0.25%, and the news about the 0.9% GDP growth for the December quarter came out. Oddly, consumer’s opinions ...
Banks gouging ? Really !
Monday, January 17th, 2011The mainstream media were busy today putting the boot into the banks based on their reading of an article in the latest RBA Bulletin. The article, Recent Developments in Banks’ Funding Costs and Lending Rates, is full of lovely, luscious detail on funding mixes, margins and the like, but it seem ...
Tight job market to keep RBA on its toes
Saturday, December 25th, 2010The job market is expected to be a closely watched feature of the economy in 2011. View full post on ABC News: Business
Beating Basel at the RBA
Saturday, December 18th, 2010The RBA may take some heat for putting taxpayer funds on the line, but the new bank liquidity arrangements are a reasonable solution to an otherwise highly destabilising problem. 18 Dec 2010 12:06 AM View full post on WBC | RSS Business News Feed | Business Spectator
Forecaster slams RBA’s premature rate rise
Tuesday, December 7th, 2010An economic forecaster says the Reserve Bank may have been too hasty in raising interest rates last month, because many parts of the economy are still experiencing very tough conditions. View full post on ABC News: Business
Australia shares slip ahead of RBA, Fed meetings
Tuesday, November 2nd, 2010(Adds detail) SYDNEY, Nov 2 (Reuters) - Australian stocks slipped 0.2percent as investors paused ahead of policy meetings by theReserve Bank of Australia (RBA) and the U.S. Federal Reserve,and elections in the U.S. View full post on Market news | ninemsn Money
Sharemarket weaker after RBA and ABS stats
Thursday, September 30th, 2010Some weaker than expected economic figures and end of the quarter profit taking have weighed on the local share market and the Australian dollar today. View full post on ABC News: Business
Interest Rate Decision Tipped To Be Unchanged
Tuesday, July 6th, 2010The 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 ...