Feed on
Posts
Comments

Tag Archive 'rates'

Westpac Boss Calls for Rate Cut

Westpac’s chief executive Gail Kelly has called for a rate cut before the end of the year to boost consumer and business sentiment. The Reserve Bank of Australia (RBA) meets on Tuesday, and it is a "line ball call" if they will deliver a fourth rate cut for 2012, Mrs Kelly said on Monday. But […]

Read Full Post »

HSBC’s chief economist says he expects the central bank to leave interest rates on hold until mid-year, even though inflation is showing signs of picking up.Paul Bloxham, a former Reserve Bank economist, said last week’s CPI numbers were “the beginning of the upswing in inflation.”“I think it is the beginning of a sequence of inflation […]

Read Full Post »

In the minutes of the monthly monetary policy meeting on April 5, the RBA said its board had noted that loan rates facing businesses and households were “a little above average levels”, thanks to earlier official rate increases.The RBA said that was appropriate, given the need to keep inflation consistent with the two to three […]

Read Full Post »

HIA: Rates, prices cap home building

New home building will fall 15 per cent in 2011 as interest rates and poor affordability wipe out recent stimulus-driven gains, Australia’s peak residential construction body says. The Housing Industry Association predicts 25,000 fewer homes will be built in 2011 than 2010, a downwards revision from previous estimates, according to its National Outlook for the […]

Read Full Post »

Mortgage holders were given a boost today when the Reserve Bank decided to keep interest rates on hold.While the move is hardly a surprise, it will still be welcome news for people paying off a mortgage. Each 0.25 per cent interest rate rise adds another $60 to the monthly cost of an average Australian mortgage. […]

Read Full Post »

RBA minutes show rates unlikely to change

The consensus that interest rates in Australia are unlikely to change for a few months will not be challenged by the minutes of the central bank’s latest monetary policy meeting. The minutes of the Reserve Bank’s board meeting on March 1 gave no indication another interest rate rise – the last was back in November […]

Read Full Post »

RBA: Rates are where they should be

Interest rates are likely to remain in hold for a while as the economy experiences a rare terms of trade bonanza, Reserve Bank governor Glenn Stevens says. Mr Stevens said lending rates for borrowers were slightly higher than the average of the past 15 years.The average rate for a standard variable mortgage is 7.8 per […]

Read Full Post »

Rates left on hold

The Reserve Bank board has left interest rates on hold, after its board met today.The official cash rate will remain on hold at 4.75 per cent.The decision is most likely influenced by last week’s Consumer Price Index result and the affects of Queensland’s devastating floods.The board will meet again next month on the 1st of […]

Read Full Post »

Building up to rates reprieve

A SLUMP in home-building approvals has strengthened the case for the Reserve Bank to hold interest rates next month. Concerns are mounting that Australia’s construction slowdown will undermine economic growth. Official data yesterday revealed that approvals to build new homes sank 4.2 per cent in November and the weakness is expected to continue for some […]

Read Full Post »

First-time property buyers in Australia are being put off investing by the threat of rising interest rates, it has been claimed.David Airey, president of the Real Estate Institute of Australia, said the prospect of higher rates is ‘frightening’ prospective buyers,” ABC News reported.The comments could encourage a number of Australians to compare home loans online […]

Read Full Post »

Older Posts »