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interest rates
2% > Westpac tips offical cash rate low
Experts at one of Australia’s most accurate forecasters is predicting the Reserve Bank will continue to cut official interest rates throughout this year. Economists at Westpac are expecting the RBA to follow up yesterday’s 25 basis point cut with another next month. It says, the RBA has acknowledged an even lower than expected trajectory for … Continue reading
NAB > Keeps its mortgage rate promise
NAB has kept its promise to hold the lowest standard variable interest rate for 2012. It comes as ANZ missed its chance, to undercut its opposition at the eleventh hour by following the pack. ANZ makes its interest rate decision on the second Friday of every month, meaning its decision often comes more than a … Continue reading
ANZ > Interest rate publicity opportunity
ANZ has a chance of getting a leg up on its competition in the positive publicity stakes, if it passes on the Reserve Bank’s interest rate cut in full. Not just because it will seem to be abiding by Treasurer Wayne Swan’s wishes, but because it can really stuff up the marketing plans of one … Continue reading
Inflation > Carbon tax and rates impact
The chances of a Melbourne Cup Day interest rate cut have been reduced, because official inflation numbers have come in higher than expected. The headline consumer price index printed by the Australian Bureau of Statistics came in at 1.4% for the quarter, to be at 2% year on year. But it’s the core, or underlying … Continue reading
Rates > Where the banks stand following the RBA cut
Australia’s major banks are to pass only some of the Reserve Bank’s 25 basis point cut to the official cash rate earlier this week. Their excuse for not passing on all of it?…Rising costs, mainly relating to deposits, which are impacting overall funding costs. The way in which banks fund mortgages is quite complex, but … Continue reading
A$ > To tumble?
For some time, we were being told by a number of experts to get used to a strong Australian dollar as the resources boom underpinned the Australian economy. Well, it seems the tide may be turning. Analysts at HSBC say the Australian dollar will tumble over the next few months, and return to US$0.95 by … Continue reading
A$ > Below parity, so where to now?
MEconomicsMO One of the hardest comments to get out of market watchers is their opinion of where the Australian dollar is going. And that’s because there are just too many factors, often unpredictable factors, influencing currency moves. Interest rates, global politics, economic growth and carry-trades are just some of the variables. The recent slide in … Continue reading
CPI + Rates > Case for a 0.5% cut & why it might not happen
MEconomicsMO With today’s surprisingly low inflation figures, the question isn’t if the Reserve Bank board will cut interst rate next week, rather, by how much. The Consumer Price Index rose by just 0.1 per cent in the March quarter to be 1.6 per cent higher on the year. But the underlying measure, which strips out … Continue reading
India rate cut > Good for Australian economy
MEconomicsMO While India’s economy is slowing, it’s still expanding at a phenomenal rate when you compare it with the rest of the world. In the December quarter, growth came in at 6.1 per cent, and that’s its slowest in almost three years, compared with Australia at 0.4 per cent. But it has been battling with … Continue reading
$A > Why the sudden decline?
MEconomicsMO So I may have a vested interest in seeing the Australian dollar stay strong. No, it’s nothing sinister. I’m heading to Europe later this year, so I want value for money. Over the past few days, the Australian dollar has fallen against most of the major currencies, including the Euro and the US dollar. … Continue reading
Ricardo Goncalves
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