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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 June 2010: Australian Interest Rates Kept on Hold at 4.5%

June 2010: Australian Interest Rates Kept on Hold at 4.5%

After raise after raise, there has been some reprieve for borrowers with the Reserve Bank of Australia deciding to keep interest rates on hold at 4.5% following their June meeting. The RBA has clearly taken into account the debt crisis in Europe, as well as closer to home economic data including somewhat less than enthralling consumer confidence and weak retail sales.

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Thumbnail image for Australian Interest Rates Raised 25 Points to 4.5% – May 2010

Australian Interest Rates Raised 25 Points to 4.5% – May 2010

With inflation at the higher end of the Reserve Bank of Australia’s desired levels (currently at 2.9%), a surge in house prices in March, worldwide GDP growth revised upwards, and Australia’s terms of trade rising more than expected, the RBA in their monthly meeting on the first Thursday of the month have once again increased interest rates by 25 basis points. This means that the basic cash rate now stands at 4.5%.

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Thumbnail image for Australian Interest Rates Increase Again – April 2010

Australian Interest Rates Increase Again – April 2010

The Reserve Bank of Australia (RBA) has once again raised its official cash rate by a further 25 basis points to 4.25%, its fifth increase in its past six meetings (since October 2009). Governor Glen Stevens stated that the view of the RBA is that the global economy has continued to improve and domestic activity is recovering whilst the bank seeks to ensure that Australia’s economic expansion remains on track without an outbreak of inflation.

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Thumbnail image for Australian Interest Rates Rise- the Shape of Things to Come for 2010

Australian Interest Rates Rise- the Shape of Things to Come for 2010

Seeking to cool a growing economy, the Reserve Bank of Australia has increased interest rates from 3.75% to 4% in a move widely expected by experts. As the only major economy to avoid recession (generally considered to be two consecutive quarters of negative growth), and the first to raise rates from 50-year lows as the economic crisis eased, it follows three consecutive rises at the end of 2009 but is the first rise for 2010.

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Thumbnail image for Australian Interest Rates on Hold in February 2010

Australian Interest Rates on Hold in February 2010

The Reserve Bank of Australia has decided to keep interest rates on hold at 3.75%. It was widely expected that interest rates would increase by 0.25% and the markets had already factored in that expected increase. Rates are still 3% less than when the current Federal Labor Government won power in November 2007.

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Thumbnail image for Are Interest Rates in Australia Going to Rise Soon?

Are Interest Rates in Australia Going to Rise Soon?

Michael Marquette’s “View from the Bridge” this week looks at where Australian interest rates are heading: It is widely believed that Australian interest rates will increase by a further 0.25% when the Reserve Bank meets on February 2. The markets have already factored in the rise, with positive economic data showing continued strength within the economy.

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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 The Four Phases of Australian Interest Rates

The Four Phases of Australian Interest Rates

With Australian interest rates at historic lows, consumers are quite conscious that it won’t last forever. Simon Turner of luxury real estate agency Marquette Turner Luxury Homes in this article talks about the four phases of interest rates that Australia has experienced in the last 30 to 40 years.

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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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