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Next To Nothing: US Interest Rates Close To Zero

The US Federal Reserve has set key interest rates to a record low zero to 0.25% in a desperate bid to stimulate the US economy which is looking increaingly sick Rates are likely to remain this low for quite some time, the Fed stated. The cut brings the federal funds rate to the lowest level […]

Australian Interest Rates at Lowest Level in History

The Reserve Bank has slashed interest rates to the lowest level in history to 4.25%. The Reserve Bank cut rates by a full 100 basis points (1%), making property an attractive option for those in search of investment options given the volatility of the stock market. Australian interest rates have averaged over 8% for the […]

Bank of England Cuts Interest Rates to Lowest Since 1955

The economic storm is penetrating every corner. The Bank of England’s Monetary-Policy Committee (MPC) has pulled of shock when most thought there are almost no surprises left: it has cut UK interest rates by 1.5% leaving them now at 3% – the lowest level since 1955. The boldness should be commended, although it clearly demonstrates […]

Australian Interest Rates Slashed by 0.75%

The Reserve Bank of Australia (RBA) has cut its key interest rate for the third month in a row as it attempts to prevent Australia’s economy stalling. The central bank trimmed three-quarters of a percentage point – or 75 basis points – off its key cash rate, reducing it to 5.25%, the lowest level since […]

The US Election, Property Pricing & Interest Rates

As part of our experience in the United States on this occasion both Simon and I found ourselves in the middle of a massive political rally in Philadelphia. With the Presidential Election only a few weeks away campaigning is in full swing throughout the country and some States have even started voting – although the […]

BREAKING NEWS: Australian Interest Rates Cut By 1%

Pundits, experts, and economist’s alike all predicted that the Reserve Bank of Australia (RBA) would today cut interest rates, but by a whole percentage point (100 basis points) is quite dramatic. The cash rate now stands at 6%, down from 7%, with some predicting that rates may even fall to 5% in 2009. Worldwide stock […]

Breaking News: Australian Interest Rates Cut

Finally the pressures upon Australians will be eased and we have a reason to look positively at the property market in 2008. As commented yesterday by Simon Turner in his Word on the Street article, The Reserve Bank of Australia at 2.30pm today announced that they would cut interest rates by 0.25% (25 basis points). […]

Interest rates: the word on the street

The Reserve Bank of Australia will hold what could be a historic meeting tomorrow, Tuesday 2 September 2008. Should they decide to lower interest rates, it will be the first time in seven years that the cash rate has fallen after 12 successive rate rises. Most economists are suggesting there will be a cut by […]

Where Australian interest rates are heading

The Commonwealth Bank increased its interest rates this week, thus becoming the third of Australia’s banks to do so. The cost of a standard variable home loan offered by the CBA will rise with immediate effect by 0.14% to 9.58%. The Commonwealth Bank’s move comes after St George and BankWest raised rates on their standard […]

If interest rates rise by another 1%…

A recent survey has found 47% of property investors and one third of homeowners could be forced to sell up if interest rates increase by 1%. This is certainly worrying news for many Australians, at a time when ANZ have predicted interest rates will rise by 0.5% before the end of 2008, with the bank […]

Interest rates remain on hold

Even though the Reserve Bank this week kept interest rates on hold, it still faces a tricky balancing act in bringing inflation back to its 2-3 per cent target band as it risks pressing too hard on the rate brakes and driving the economy into recession.House prices grew at their slowest quarterly pace in a […]

Interest Rates Remain Unchanged

Yesterday morning the Reserve Bank of Australia (RBA) announced that the official cash rate will remain at 6.75%. The renewed volatility of international financial markets, concerns about the US economy and uncertainty about the likely path of fiscal policy and labour costs here in Australia are acceptable reasons for delaying any further rate hike. The […]

The Roy Morgan Reactor: Interest Rates

Watch the Roy Morgan Reactor, a very clever use of graphs that move in time with ALP and Coalition announcements and ads. Watch HERE

Interest Rates Rise With More Likely

In line with most forecasts the Reserve Bank of Australia yesterday lifted interest rates by 0.25%. The decision lifts the RBA’s cash rate to 6.75% and will mean an extra $68 per month on an average $400,000 mortgage. Governor Glenn Stevens was clear in his statement that the strength of Australia’s economy is operating close […]

Crunch Time – Will Interest Rates Rise on 7 Nov?

November 7 is the day when the Reserve Bank of Australia [RBA] announces the outcome of its decision as to whether there is a new official cash rate. Most analysts think the RBA will have to raise rates by at least 25 basis points. Marquette Turner Managing Director, Michael Marquette is inclined to agree that […]

Australian Auction Clearance Rates: Week Ending 23 November

Here are Australia’s auction clearance rates for the capital cities for the weekend ending 23 November, 2008, courtesy of RP Data. Simon Turner FYI: Read related articles on Auctions; or Buying Real Estate; Credit Crunch; or Interest Rates

On The Cards: Another Australian Interest Rate Cut

The Reserve Bank of Australia (RBA) will meet on Tuesday 2 December and, the Marquette Turner team expect, they will make a fourth consecutive cut to the official interest rate. A survey of 18 economists by the Australian Associated Press revealed the following: All 18 economists believe the RBA will cut interest rates 11 economists […]

Short Vs Long-Term Interests: The Challenge For Australia’s Banks

The Reserve Bank of Australia’s (RBA) decisions to decrease interest rates over the last few months were welcomed by borrowers and lenders alike, most recently with the 0.75% cut in October and the 1% cut in September. The reality is, however, that most of Australia’s lending institutions have chosen not to pass on the full […]

Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!

Continued: Part 2 of a 2 Part Report The massive decrease in housing sales volumes has decimated State Government budgets as they lose hundreds of millions of dollars in would be stamp duty revenue. The flow on effect through to builders, other trades people, real estate agents and so many others throughout the economy is […]

Reserve Bank has blood on its hands – We must have further interest rate cuts – NOW!

Part 1 of a 2 Part Report (read Part 1) Yesterday’s rate cut of 75 basis points 0.75%) was the right decision by the Reserve Bank of Australia (RBA). Fifty points (0.5%) definitely would not have been enough after the release of some of the worst economic data in many years. I had predicted in […]