Affordable Plus Conveyancing
Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
My Blog
Blog
Historic Cut to Interest Rate
| Posted on February 4, 2015 at 12:30 AM |
THE Reserve Bank has cut official interest rates to a new low in a decision that paves the way for the cheapest home loans in more than 40 years, a weaker Australian dollar and further increases in house prices. Returning from a two-month summer break, the RBA board ended a mounting frenzy of speculation over whether interest rates should, or would, be cut, choosing to end a period of interest rate stability that had seen official rates at 2.5 per cent for the 17 months, since August 2013. Economists still expect the bank to cut rates at least one more time this year. “We hope lenders will pass on the full rate cuts and more to their variable rate home loan customers because there’s no excuse not to pass on the full cuts. Lenders have kept 0.45 percentage points on average of cash rate cuts from variable rate home loan customers since the cash rate began to fall in November 2011,” said Michelle Hutchison, an analyst at Finder.com.au Few were expecting an interest-rate cut only a week ago, citing the RBA’s December statement that “a period of stability in interest rates” was the most likely course. But an article by veteran Herald Sun finance commentator Terry McCrann last Thursday — who has accurately predicted more than half of the RBA’s interest rate moves since the GFC — moved expectations dramatically in the direction of a rate cut. |
Categories: Home Loan Issues
Post a Comment
Oops!
The words you entered did not match the given text. Please try again.
213 Comments
Reply
Mcx Trading Tips
5:51 AM on May 30, 2015
THE Reserve Bank has cut official interest rates to a new low in a decision that paves the way for the cheapest home loans in more than 40 years, a weaker Australian dollar and further increases in house prices.Great piece of writing, I really liked the way you highlighted some really important and significant points. Thanks so much, I appreciate your work.
Reply
ibcbet
4:27 AM on November 23, 2015
Mcx Trading Tips says...
THE Reserve Bank has cut official interest rates to a new low in a decision that paves the way for the cheapest home loans in more than 40 years, a weaker Australian dollar and further increases in house prices.Great piece of writing, I really liked the way you highlighted some really important and significant points. Thanks so much, I appreciate your work.
ok i know
Reply
Stock Tips
12:27 PM on December 8, 2015
I really appreciate this blog is very informative; I have come to know here many news points about interest rate.
Reply
Best Intraday stock tips
9:49 AM on March 14, 2016
Hi, I love the information provided by the blogger in the post regarding stock update. This is really a great source for the readers.
Reply
จีคลับ
5:30 AM on June 11, 2016
This is really a great source for the readers
Reply
GCLUB
9:49 AM on June 24, 2016
Best Intraday stock tips says...
Hi, I love the information provided by the blogger in the post regarding stock update. This is really a great source for the readers.
thinks
Reply
gclub slot มือถือ
7:34 AM on September 26, 2017
who pay salary. But it was not enough to turn up some months, it would take some months to have a little. Baccarat should be played, but if you blindly blindly go down occasionally. You may not have
Reply
บาคาร่า
8:07 AM on October 27, 2017
Mcx Trading Tips says...
THE Reserve Bank has cut official interest rates to a new low in a decision that paves the way for the cheapest home loans in more than 40 years, a weaker Australian dollar and further increases in house prices.Great piece of writing, I really liked the way you highlighted some really important and significant points. Thanks so much, I appreciate your work.
Reply
เสื้อผ้าแฟชั่น
10:50 AM on February 1, 2018
Pok Reisig says...
our residential not to mention your possessions?
Reply
สมัคร gclub
9:55 AM on February 14, 2018
gclub slot มือถือ says...
who pay salary. But it was not enough to turn up some months, it would take some months to have a little. Baccarat should be played, but if you blindly blindly go down occasionally. You may not have
Reply
sbobet asia
7:21 AM on February 28, 2018
members are full of players. What is the mind of the players? These are the basic prerequisites for online football betting. Another thing that should be
Reply
คาสิโนจีคลับ
7:18 AM on May 21, 2018
Reply
gclub
8:04 AM on August 7, 2018
Thank you for your web site, but the story is interesting and very useful to me
Oops!
Oops, you forgot something.