Posts Tagged ‘Interest Rates’

Why RBA has kept rates on hold

This is a short 6-minute podcast that will help you gain some insight into why the Reserve Bank of Australia has kept rates on hold.

Here Bill Evans, Chief Economist at Westpac, discusses what interest rates may do next year. His conclusions are very insightful and should give confidence that there will be no rate rise soon and possibly at all next year.

You can listen to the podcast by clicking here … Read the full post »

RBA leaves rates on hold

The Reserve Bank has decided to leave the official cash rate on hold at 4.75 per cent.

A raft of less than stellar economic data forced the RBA to leave the cash rate unchanged at its third consecutive board meeting earlier today.

Yesterday, HSBC economist Paul Bloxham said it was unlikely that the RBA would lift rates any time soon as the risks to inflation are almost all to the upside.

“HSBC believes … Read the full post »

Reserve Bank Keeps Rates Steady

Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent.

The global economy has continued to expand over recent months, consistent with a trend pace of growth. The expansion remains uneven, with the major advanced countries recording only modest growth overall, but growth in Asia and Latin America, to date, very strong. There are indications that growth … Read the full post »

Australian Property Market Among Best in the World

Australia’s property market has been named as one of the best in the world, thanks to a 20 per cent increase in house price growth last year.

According to a report of 47 countries by Knight Frank, Australia ranked fourth in terms of house price growth.

Knight Frank’s head of residential research Liam Bailey said the stellar growth in property values was driven by a combination of a 40 year low in … Read the full post »

Rising Interest Rates

With no changes to official interest rates for the fifth consecutive month, and confirmation by Reserve Bank of Australia (RBA) Governor, Glenn Stevens that we have reached the bottom of the cycle, property owners are preparing for an upward movement in rates.
In 2001, when official rates were cut by 1.50 percentage points over 11 months, they remained unchanged at their lowest level for four months.

“The question now is when rates … Read the full post »