Ross Caruso of WRS provides a run down of Key Person Business Protection Insurance.
The Australian Bureau of Statistics (ABS) today released unexpectedly high growth results for the March quarter.
What’s the summary? Australian’s are spending well as consumption growth is a key driver in this growth. This should be supporting retailers, but their cost pressures may be biting.
Are you spending more?
At today’s meeting the Reserve Bank of Australia (RBA) cited the rocky markets overseas and came good on the “expected” interest rate drop. 0.25% should shave about $50 per month off the average $300,000 mortgage. What sort of rates will the banks pass on and what impact does it have on you? Comments welcome.
Governed Glenn Stevens’ media release points to European economic concerns, and rising costs of finance for our banks. Amongst other things this lead to a “more accommodative stance of monetary policy”. What do our depositors think?
I am going to introduce market commentary, both personal and from fund managers and economists, to provide an area for your to access some of the key points we see every day. To open we have this interview with Anton Tagliaferro, Investment Director at IML (Investors Mutual Limited).
Mr Tagliaferro addresses some common questions from investors, and the current market volatility.
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RDG: what sort of rates will the banks pass on and what impact does it have on you? Comments welcome.
Continue reading RBA lowers rates by 0.50% to 3.75%
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Please feel free to comment!
As nine out of ten nutritionists, and economists, predicted, the RBA holds rates today.
The basic story is Australia is doing roughly ok, the USA is improving, some of Europe are up the creek, but will still survive.
For mortgage holders, its same old same old, with credit costs running near their long term average, although the average home-owner has been feeling the brunt of inflation with utilities and living costs surging in the past year (particularly around SE Qld were water was sold off).
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
Full statement available from RBA Website.
RDG: Good news for mortgage holders: RBA drops 0.25%. I imagine every mortgage holder will be watching the banks to see what they pass on.
Key points from today’s release include:
STATEMENT BY GLENN STEVENS, GOVERNOR: MONETARY POLICY DECISION
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.25 per cent, effective 7 December 2011.
RDG: Good news for mortgage holders: RBA drops 0.25%. I imagine every mortgage holder will be watching the banks to see what they pass on.
Key points from today’s release include:
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.5 per cent, effective 2 November 2011.