Compare
Reserve Bank expected to hold on interest rates
Posted July 6th, 2009
and last modified July 7th, 2009Adrian Rollins, an Economics correspondent for the Australian Financial Review reports that the Reserve Bank of Australia is expected to keep interest rates steady.
The RBA is expected to keep rates as they are, despite a deteriorating labour market and uncertainty over Australian bank mortgage rates – a rate cut is expected before the end of the year. It is inevitable that the Reserve Bank responds to the labour market and the rising unemployment problem by lowering interest rates -
While the Reserev Bank has indicated it retain an easing bias, investors think the likelihood that it will act on it tomorrow is remote, putting the odds of a rate cut of 0.25 of a percentage point at just 10 percent.
The Australian economy should be in a position to expand later in the year, and the RBA will make strategic interest rate moves to support this.
Related posts:
- Reserve Bank Interest Rates: Understanding Monetary Policy
- Be Smart With Interest Rates
- Credit Card Rates & Bank Fees – A Market Insight
- Cash Advance Interest Rates: Things you need to know
- Why is Credit Card Interest Rising when Rates are Dropping?
- New to Credit Cards? A Guide to Interest Rates
- Best Balance Transfer Rates – 0% Interest Credit Cards
Show Comment Form
Editor's Choice: Our Top Credit Cards
St George Vertigo
Low Interest
Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.
Coles Group Source MasterCard
Bankwest Zero Platinum MasterCard
No Annual Fee
Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers