Interest Rates

//Interest Rates
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Are Rate Cuts Still Possible?

Chief Officer for Investments of Saxo Bank Steen Jakobsen has been long forecasting further rate cuts as majority of economists predict a rate hike for next year. With falling commodity prices and rising unemployment, how low can we really go?

Rate cuts are most likely to happen to support the economy, according to Jakobsen, with predictions […]

By |November 17th, 2014|Finance, Interest Rates|Comments Off on Are Rate Cuts Still Possible?

AU Dollar Falling: Are We Supposed to Worry?

The Australian Dollar has been on a downward spiral as it finished below US 90¢ from a high of $1.10 back in 2011. Is the Australian economy weakening, or is there a valid reason for the currency drop?

The United States economy has been recovering for the past months, making the US dollar stronger and inversely, […]

By |October 14th, 2014|Economic Growth, Finance, Interest Rates|Comments Off on AU Dollar Falling: Are We Supposed to Worry?

14 month hold for record low interest rates

As expected, the Reserve Bank of Australia has kept the cash rate at 2.5% for the 14th straight month, the longest in more than a decade.

RBA governor Glenn Stevens said that credit growth has been growing at a moderate pace and that dwelling prices have continued to rise. The interest rate supports the current state […]

By |October 9th, 2014|Finance, Interest Rates|Comments Off on 14 month hold for record low interest rates

Get in the know: 10 Things About the Current Interest Rates

The Interest Rate is currently pegged at its lowest level in history, and while the RBA is set to deliberate its fate later, here are the 10 things you need to know about the current Interest Rates:

The current Interest Rate is 2.5%.
It is at the lowest level in history.
The Interest Rate was cited as a […]

By |August 5th, 2014|Finance, Interest Rates|Comments Off on Get in the know: 10 Things About the Current Interest Rates

Another Financial Year Ends: Predictions For The Future

The financial year has come to an end and it is but fitting that we provide you with predictions from top economists on what to expect for the year ahead.

Sharemarket predictions. NAB Chief economist Alan Oster expects sharemarket success to continue after ending the financial year up by 12%. He is predicting a 10% increase, […]

By |July 2nd, 2014|Advice, Finance, Interest Rates, Investment, Property Investment|Comments Off on Another Financial Year Ends: Predictions For The Future

NEWSFLASH: Reserve Bank Holds Steady

 

When the Reserve Bank met earlier today, the board decided to leave the official cash rate at 3.25%. While there weren’t very many positive indicators in the statement by Reserve Bank Chairman Glenn Stevens, there was some indication that various areas of the economy stabilising.

There is still concern regarding the situation in Europe and the […]

By |November 6th, 2012|Events, Finance, Interest Rates|Comments Off on NEWSFLASH: Reserve Bank Holds Steady