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RBA Rates Decision – June 2011

The RBA held off increasing the cash rate / interest rates once again this month, as it digests the March Quarter GDP data.  The numbers for the quarter weren’t good, driven by the natural disaster events in Queensland.  These events caused significant disruption to the mining industry, due to major infrastructure damage from these events. T...

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RBA Rates Decision – May 2011

The RBA has left the official cash rate on hold again in May, making it 6 months since the last cash rate movement.  Minutes from the previous RBA board meeting certainly indicated that the board position was that rates remained adequate for the near term, as subdued consumer spending and the impacts of major disasters still filter through the eco...

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RBA Rates Decision – April 2011

For the x month in a row the cash rate has remained on hold as the RBA looks for further indications that the economy is continuing to grow following the recent major flood and cyclone disasters that hit our shores earlier this year. If the economy rebounds quickly and the insurance works provide inflationary pressures on materials and labour, p...

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RBA Rates Decision – March 2011

The cash rate remained on hold again this month as the RBA awaits more critical data on the performance of the economy before looking to adjust the cash rate. Most economists expect further rate rises in 2011, with many tipping an increase in the cash rate of around 0.5% over the course of the year. Events in the Middle East region could play a ...

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RBA Rates Decision – February 2011

As unanimously tipped by all forecasters and commentators, the RBA chose to leave the official cash rate on hold this month at 4.75%. Although the majority of sentiment is that the cash rate will move higher over the coming year, if our economy and the global economic recovery continue to build momentum. The consensus on the flood in Queensland ...

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RBA Cash Rate & Property Outloook for 2011

For those not in the know, the RBA board does not meet in January, so the first cash rate decision will be at 2.30pm on Tuesday 1st February, 2011. In terms of the cash rate forecasts, there is a real mixed bag out there in terms of predictions of where the cash rate might be between now and the end of 2011. There is very little, if any support ...

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RBA Rates Decision – December 2010

Given Glenn Stevens’ recent speech last month that he saw no reason for a further rate rise this year, it was no surprise that the cash rate remained on hold, following the RBA board meeting and cash rate announcement today. The economists are mixed in their view of what the future holds regarding rate rises, some are predicting further rate r...

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RBA Rates Decision – November 2010

Unless you have been living under a rock you would by now know that the RBA lifted the official cash rate by 0.25% to 4.75% yesterday afternoon.  The first rise in over 6 months.  They saw it prudent to move the cost of money higher, in light of the relatively strong economy and a growing global outlook.  This will most likely be the last rate r...

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RBA Rates Decision – October 2010

The warnings came early this month when the RBA Governor made some hawkish comments about the health of the Australian economy.  He said the RBA is ready to manage robust growth, stating “part of that task will, clearly, fall to monetary policy.” He noted potential downside risks to the economy, but said “If downside possibilities do not mat...

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Rates on the Rise….?

I can understand why we are referred to as the ‘Lucky Country’.  Great climate, enough fertile land to produce food to support our population & provide a great quality of life and standard of living, stable government (well sort of) and the most important thing from an investors view point - an economy that has grown over the last 20 years...

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RBA Rates Decision – September 2010

The cash rate remains on hold for another month as the RBA sits on its hands awaiting the latest inflation data for the September quarter due out 27th October. There are growing concerns that the global recovery is stalling and we are heading for a ‘W’ shaped recovery rather than the ‘V’ shaped one the global economic stimulus tried to a...

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RBA Rates Decision – August 2010

The cash rate remains on hold this month after good news on lower than expected 2nd quarter CPI (Inflation) data last week.  The RBA believe the current cash rate setting is adequate for the time being. There is still upward pressure on rates as our economy is in very good shape compared to the rest of the world.  The upward pressure remains d...

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RBA Rates Decision – July 2010

Today the RBA announced to hold the cash rate for the month of July at 4.5 per cent.  It’s welcome news to all mortgage holders across the country, who have seen their mortgage interest costs on a variable home loan increase dramatically from the historic lows of 3 per cent in early 2009. Let’s take a look at a $300,000 variable, interest-o...

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