Tuesday, May 22nd, 2012
There has been a great deal of hype around how Australia’s banks are deviating from the historic norm of adjusting their mortgage rates in line with the Reserve Bank of Australia cash rate moves. Two weeks ago, when the RBA slashed the cash rate by 50 basis points and the ...
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Friday, March 30th, 2012
For most people, the Reserve Bank of Australia’s bi-annual Financial Stability Review is a tough read. For anyone interested in the housing market however, the section on household balance sheets (pages 41 to 46) is essential reading.
Of particular interest is the analysis on mortgage arrears across Australia and the comparisons ...
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Tuesday, July 19th, 2011
Minutes from the most recent Reserve Bank of Australia (RBA) board meeting reveal a greater concern with the global economy and less emphasis on the need for domestic interest rate rises.
View full post on ABC News: Business
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Tuesday, February 15th, 2011
The Reserve Bank of Australia says it is closely watching for a pick-up in the resources boom ahead of its next move on interest rates.
View full post on ABC News: Business
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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, 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, 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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