Big bank’s call on rate cut
One of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
One of Australia’s big four banks has renewed its prediction for when the Reserve Bank will cut the cash rate, as spending dropped after the Black Friday sales.
Aussie households are increasingly worried about a weakening currency and their job outlook, as the wait for an interest-rate cut becomes unbearable.
Australia’s share market finished in the green on Tuesday, led by the major resources and property stocks, and a surprise report out of the US.
The chances of an interest rate cut in early 2025 are falling faster than the Aussie dollar, with experts saying the drop in our currency could cause the Reserve Bank to baulk at a cut.
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
The big four bank is the latest institution to push out its timeline for a Reserve Bank interest rate cut, as customers start spending their stage 3 tax cuts.
The RBA governor surprisingly came out in support of Australia’s big spending budget saying the economy “would be worse without it”.
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Mortgage holders’ hopes of a February rate cut are fading as big four bank analysts begin to alter their predictions.
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Restrictive rules which prevent nearly two in five first home buyers from securing financing should be eased, a major report is expected to say.
Inflation figures have continued their trend down, but not in a way that will help mortgage holders any time soon.
Inflation is “collapsing” in Australia – but the Reserve Bank just keeps on making the same mistake, as the rest of us suffer.
Black Friday is tipped to be one of the best sales events on record, but a leading economist warns it is not a sign that household pressures are easing.
Original URL: https://www.adelaidenow.com.au/business/economy/interest-rates/page/8