Archive for the ‘Finance News’ Category

Yesterday at its board meeting, the Reserve Bank of Australia (RBA) made the decision to cut the cash rate by 50 basis points to 3.75 per cent. With the release of weaker than expected inflation figures last week, predictions of a rate cut were strengthened, with an indication from RBA governor Glen Stevens in April that inflation figures would have ...

With one week until the next interest rate decision from the Reserve Bank of Australia (RBA), economists are tipping a rate cut of least a quarter of a percent. At the last board meeting, RBA Governor Glenn Stevens hinted that this would be the case if inflation remained slow. An indication of inflation, the Producer Price Indicator (PPI) was today revealed ...

Reserve Bank of Australia has decided to leave the cash rate unchanged at 4.5 per cent. Since the Board last met, concerns about sovereign creditworthiness in several European countries have been a focus of financial markets. Investors have generally displayed a good deal more caution. As a result, equity prices have fallen and long-term government bond rates have declined outside of ...

Australian mortgage holders are a third time unlucky this year, after the Reserve Bank board today lifted interest rates by 0.25 per cent. It is the third rate rise in as many months. Mortgage holders will be disappointed with the increase. After being told by the Reserve Bank Governor, Glenn Stevens, that rates were getting close to normal levels, borrowers would ...

Australian mortgage holders will have to dig deeper for their repayments after the Reserve Bank board decided today to lift interest rates by 0.25 per cent. The increase will be of little surprise to mortgage holders, who have been bracing themselves for a higher interest bill after repeated warnings by the Reserve Bank Governor, Glenn Stevens, that rates are on their ...

At its monthly Board meeting today, the Reserve Bank of Australia shocked most analysts with a decision to leave the cash rate unchanged at 3.75 per cent. While the move came as a surprise to many, there was enough indifferent data in the past fortnight to provide reasons for a pause and the RBA has never been keen to hike for ...

Commercial and personal financing rose in the month November, offsetting weakness in housing loans. Commercial financing increased four per cent to $26.677 billion, while personal finance was up 1.1 per cent to $7.053 billion. The two rises contrasted with a three per cent drop in lease finance and a 2.9 per cent decline in housing finance to $16.537 billion. The fall ...

The number of dwelling commitments fell more than expected in November, according to official data, with the number of loans down 5.6% on a seasonally adjusted basis. The value of loans, however, only fell 1.6 per cent. The soft result was forecast by analysts who pointed to rising interest rates and a reduction of stimulus measures as reasons for the decline. ...

The annual Deloitte Australian Mortgage Report: 2010 positioning for opportunity has revealed strong growth prospects for the mortgage sector in 2010. The researchers noted that the industry had systemically changed in Australia, but saw numerous opportunities in the year ahead. They cautioned, however, that this year’s growth rate - below 10% for the first time in a decade - may become ...

The annual Deloitte Australian Mortgage Report: 2010 positioning for opportunity has revealed strong growth prospects for the mortgage sector in 2010. The researchers noted that the industry had systemically changed in Australia, but saw numerous opportunities in the year ahead. They cautioned, however, that this year’s growth rate - below 10% for the first time in a decade - may become ...