16 August 2011
The minutes of the RBA’s March 2 board meeting, released on Tuesday, reveal the bank raised the cash rate to four per cent in response to two months of data suggesting the economy might be growing at or close to trend. But last week’s Australian Bureau of Statistics (ABS) housing finance figures may concern the [...]
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16 August 2011
Interest rates are only heading in one direction. Yesterday’s 25-basis-point rise takes the official cash rate to 4.25% and is the fifth rate rise in the past seven months (including January, when the RBA board doesn’t meet). The major banks were quick to step in and lift their rates to around 7%. Click Here to [...]
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