Category Archives: Reserve Bank

Australian economy and the outlook

So is the Australian economy looking good or bad? What you believe the answer to be depends on who, or what newspaper, you read. If you think that the economy is in great shape and going to expand, you could … Continue reading

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Australian economic update

The Propell report on the Australian economy is attached below. In the past week, we’ve seen the RBA reduce the cash rate by 0.5% to 3.75%, and the Federal Budget handed down. The Budget contained no great surprises. Lots of … Continue reading

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Economic outlook under scrutiny

We start a week leading up to the Federal Budget with the economic outlook and interest rates under scrutiny, and a cloudy world outlook as France elects a socialist leader and the result of the Greek elections is awaited. The … Continue reading

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Reserve Bank cuts interest rates 0.50%

In a surprise move, the Reserve Bank has cut interest rates by 0.50%, exceeding market expectations of a 0.25% cut, citing an economy that is moving slower than trend, and a significant fall in inflation (1.6%) which is raising the … Continue reading

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Stand by for an interest rate cut

It’s an odds-on favorite that we’ll get a cut in interest rate cuts next week. Or to be specific, that the Reserve Bank will cut interest rates by 0.25% – whether the banks pass that on, in full, is another … Continue reading

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Federal budget battle begins

The Federal Budget may be a month away but the political battle has already begun as the government advertises its’ commitment to a balanced budget (for which read, more taxes) and Joe Hockey gets lambasted for the reasonable suggestion that … Continue reading

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Economy gets tougher

Things have been unusually quiet on the economic news front over the past week, apart from the news from Queensland of the dramatic change in politics as the LNP wipes out Labor. Internationally not much happened – the best that … Continue reading

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Forecasting house prices

Forecasting house prices is a regular occupation of Australians, but like any forecast, the future often defies us when it arrives. Over the past six months, there have been clear signs that the markets are stabilising in most places, and … Continue reading

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Banks raise interest rates

Although the Reserve Bank left interest rates on hold, some banks have increased rates today. ANZ has increased variable mortgage rates by 0.20%, while Suncorp has increased its 2 year fixed rate by 0.16%.

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Interest rates unchanged

The Reserve Bank left interest rates unchanged in todays meeting, citing growth and inflation at trend. Rate are unlikely to be changed unless some event occurs which clearly calls for it. Post- the announcement, SMH has been running a poll … Continue reading

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