RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Currently things are rolling well according to the RBA, in my conversations with people it is widely varied between industries and workplaces. Some businesses are picking up, others are still flatlining.

Most of my clients are saying general wages growth has been non-existent as well. How are your family travelling? Are you feeling positive about the economy?

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

rba-logo-630x444We have had some positive reports coming out, unemployment has dipped lower, things are not starting to collapse. That said, most small business owners I speak to are still feeling tough times.

Has your business been feeling the pinch?

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Recently, I have heard varying opinions on the state of our economy and potential recovery.

Some economists are pointing towards the likelihood that rates will trend higher by the end for the year. What does this mean for your plans?

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

This is again welcome news for any mortgagee, and less welcome news for my retiree clients with larger fixed income portfolios.

Most home owners are aware (and if you are not, then listen now), that mortgage rates are at epic lows. This has meant a few of my clients have started considering locking in rates. It is a tough call, and I recommend talking with your broker, and considering carefully what a fixed rate means for your cashflow, and what it costs you if rates stay below it for two or three years.

As always, welcome your comments below.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

The RBA noted the “below trend” growth for 2013, as have many small business owners I have been talking to over the past year.

They are hoping this low rate helps keep the growth prospects high. We are all looking forward to seeing that materialise.

I would welcome your comments below.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

The RBA use terms like “demand for labour has remained weak..”. I hear that in raw, honest, desperate conversations with clients and friends and contacts weekly at the moment. More often self-employed business owners are telling me of drying up opportunities and limited options. I am hoping along with you that conditions are improving soon, and the flow on effects will benefit our nation as a whole.

Feel free to let me know how you are doing, and what you are experiencing now in the comments.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Some good friends of mine recently purchased a house, and were asking what I thought was going to happen with interest rates. I guess my simplest answer is “sometimes they change, sometimes they wont.”

Historically, Australia is at very low-interest rates. Globally, we are very high. We live in interesting times (referencing the ancient Chinese “Curse”), and navigating these times comes with its own challenge. My recommendation to anyone looking to buy, or to fix rates, is be able to pay at least 2.5% higher than current, and if possible, 10%. Then you have more capacity in your budget than if you can only just afford payments now.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

I have been reading a lot around the world at the moment regarding housing policy and economic stimulus. With the mining boom/bust or just wind down still playing out, and China been reported in different ways by a multitude of economists, there is a lot of conjecture in the markets.

On top of that, the ASX Accumulation Index just reached an all time high, so somewhere there is enough positive vibe running to keep people buying shares. What most are asking is when will I see it in my bank account? When does this prosperity start flowing back into the small business and retail sectors and seeing the average person “feeling wealthier”?

View the RBA release here.

RBA lowers rates by 0.25% to 2.50%

At today’s meeting the Reserve Bank of Australia (RBA) reduced the cash rate by 0.25% to 2.00% pa.

This will not be a surprise to many (including the average economist) with the “odds” yesterday at over 94% that it would go down. Now I’m no Tom Waterhouse but that seems like a favourite to win. Again this will be good news for property investors and mortgaged home owners.

Things have been a little slow around our great land, and the RBA is keeping this in mind as it measures up the chance of further cuts this year. No doubt the election fever will overwhelm it in the coming months.

View the RBA release here.