Have you ever thought your child was doing just what you had hoped for, then all of a sudden they turn “Terrible Two” on you? Experiencing this last night brought to mind the similarity to markets at the moment. Continue reading Markets are like a two year old child
Category: Financial Planning
RBA keeps cash rate at 4.75%
RDG: The RBA holds rates, amid global economic uncertainty. Greece announced it may not make it yesterday, and global stock and credit markets are reeling in fear. Ultimately, Australia can only sit idly by, and hope the world keeps upright enough to keep buying our resources, otherwise we might need to start eating home-grown food again.
I have been commenting to my clients that term deposit rates have been in free fall lately, especially over longer terms, with banks fearful they will be caught out when market rates drop.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
RBA keeps cash rate at 4.75%
RDG: The RBA holds rates, interesting that banks are having a tougher time with credit markets, and our economy is turning into a three speed one, mining flat-out, some services, ok, everything else: hurting. Today’s RBA statement seems like a never-ending story of “ifs”. If the global economy does ok, we will do ok, if the coal mines get cleaned up, we will do better. I will post some more commentary on the housing market in the near future, this has been a good area to follow both media and Government “statements”.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
RBA keeps cash rate at 4.75%
RDG’s comments: Inflation is still a concern, as prices rise everywhere and people are feeling the pinch. Weather has been the biggest headwind to rates increasing, with the fallout from floods and cyclones having the biggest impact locally. Weather-affected prices are expected to come back down later in the year. Most economists are pegging a rise in the next two months (for what that is worth).
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
2011 Budget Impact
How will the 2011 Federal Budget affect you? This is a brief summary of the impact to families (and clients).
RBA keeps cash rate at 4.75%
RDG’s comments: The RBA is watching inflation, our labour market demand is strong, pushing wages up, despite hits from disasters we are still riding the wave to higher consumer prices, and thus, higher interest rates.
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
RBA keeps cash rate at 4.75%
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
RBA keeps cash rate at 4.75%
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
RBA keeps cash rate at 4.75%
Statement by Glenn Stevens, Governor: Monetary Policy Decision
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
A flooded economy?
Continue reading A flooded economy?