Posts Tagged ‘RBA’

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 »

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 »