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RBA
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
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
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
$A > Why the sudden decline?
MEconomicsMO So I may have a vested interest in seeing the Australian dollar stay strong. No, it’s nothing sinister. I’m heading to Europe later this year, so I want value for money. Over the past few days, the Australian dollar has fallen against most of the major currencies, including the Euro and the US dollar. … Continue reading
RBA > Waiting for inflation
MEconomicsMO> So, the Reserve Bank has left interest rates on hold once again, at 4.25 per cent. But the odds are it will have to cut next month, giving Tresurer Wayne Swan a welcome pre-budget present. Most of the data leading into the RBA’s decision today pointed to a softening economy. Earlier this week, building … Continue reading
Rates > Even chance of a 10bps rise
The Reserve Bank’s decision to keep interest rates on hold would have you believe the big banks have been let off the hook. Many of them cried poor as higher wholesale funding costs squeezed their margins. ANZ just a few months ago, went one step better, explaining the composition of its funding base, detailing how … Continue reading
A$ > 6 month high despite falling rates
Here she goes again. The Australian dollar hit a six month high while you were asleep and is now close to US$1.08. The catalyst? Better than expected jobs numbers in the US and optimism surrounding a possible deal on the Greek debt crisis. The Aussie usually does well when there’s good news about the global … Continue reading
ANZ > Setting rates alone
This is my last post on interest rates for a while, I promise. But I couldn’t let yesterday’s decision by the big four banks to follow the RBA and pass on the full 25 basis point cut in full go unnoticed. But that’s not the story. The story is ANZ’s decision to now announce its … Continue reading
Banks > Super Profits Tax?
Although unlikely, there’s a small chance Treasurer Wayne Swan could start the new year blazing, threatening the banking sector with a super profits tax, similar to that being imposed in the mining industry. As borrowers continue to wait to hear if the big four will pass on the Reserve Bank’s 25 point basis point cut, … Continue reading
RBA > Santa comes early, for some
Borrowers rejoice! The RBA’s 25 basis point interest rate cut will shave $50 per month on the average $300,000… but not just yet. At the time of posting (9pm Tuesday) the big four banks haven’t passed on the Reserve Bank’s reduction, and there’s talk, they won’t. The European debt crisis has dried up credit markets, … Continue reading
Ricardo Goncalves
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