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Thumbnail image for Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

Reserve Bank Keeps Australian Interest Rates on Hold – July 2010

The Reserve Bank of Australia has decided to keep interest rates on hold for another month. The official cash rate is currently 4.5% and with confidence decreasing throughout the economy, some people are questioning whether a rate reduction is needed. Some economists are predicting flat or negative price growth for the remainder of 2010.

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Thumbnail image for Real Estate News: Reserve Bank of Australia Increases Interest Rates Again

Real Estate News: Reserve Bank of Australia Increases Interest Rates Again

The Reserve Bank of Australia has, on Melbourne Cup Day, raised interest rates. For the second month running, rates have increased by 25 basis points (.25%), increasing from 3.25% to 3.5%. Should the RBA raise rates again in December, it will be the first time Australian rates have ever been increased in three consecutive months.

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Thumbnail image for Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

Interest Rates: Reserve Bank Hold Rates in Australia for September 2009

The Reserve Bank of Australia has decided to put rates on hold for another month. Luxury real estate agent Michael Marquette of Marquette Turner Luxury Homes provides commentary regarding Australia’s official rate of 3% being the highest in the OECD.

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Thumbnail image for Interest Rates Kept on Hold by Reserve Bank

Interest Rates Kept on Hold by Reserve Bank

Brittany West:  The RBA chose not to cut interest rate cuts this week.  Rising unemployment levels, falling house prices and concerns that the Swine flu epidemic are all factors.

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Weak: Reserve Bank of Australia Makes Wrong Decision (with podcast)

The Reserve Bank of Australia (RBA) has decided to leave the official cash rate at 3.25%.

This is the wrong decision – the real estate market is continuing to slow and Australia still has the highest cash rates in the developed world.

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Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!

Continued: Part 2 of a 2 Part Report The massive decrease in housing sales volumes has decimated State Government budgets as they lose hundreds of millions of dollars in would be stamp duty revenue. The flow on effect through to builders, other trades people, real estate agents and so many others throughout the economy is […]

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Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!

Part 1 of a 2 Part Report (read Part 1) Yesterday’s rate cut of 75 basis points 0.75%) was the right decision by the Reserve Bank of Australia (RBA). Fifty points (0.5%) definitely would not have been enough after the release of some of the worst economic data in many years. I had predicted in […]

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Thumbnail image for Reserve Chief Says Don’t Worry Be Happy!

Reserve Chief Says Don’t Worry Be Happy!

The Governor of the Reserve Bank of Australia, Glenn Stevens, addressed the House of Representatives Standing Committee on Economics this morning and assured them that things are not as bad as they may think. He believes that China’s boom is continuing, and said “There is no reason for any downturn to be a deep one.” Stevens believes that Australia has room to cut interest rates further and that the Australian economy is fundamentally strong.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: Australian-Interest Rates And The Banks

Michael Marquette’s “View from the Bridge”: Australian-Interest Rates And The Banks

The Reserve Bank of Australia has cut interest rates by a full 1% (100 basis points) to 3.25%. The question that needs to be asked is why this wasn’t done an entire month ago in January?

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Short Vs Long-Term Interests: The Challenge For Australia’s Banks

The Reserve Bank of Australia’s (RBA) decisions to decrease interest rates over the last few months were welcomed by borrowers and lenders alike, most recently with the 0.75% cut in October and the 1% cut in September. The reality is, however, that most of Australia’s lending institutions have chosen not to pass on the full […]

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