Economists predict global wave of rate cuts
AUSTRALIAN economists are now betting central banks worldwide will slash cash rates in a unified assault on the global financial crisis.
Interest Rates
Bold rates move for a soft landing
AUSTRALIA is still heading for a sharp economic slowdown — or even recession — despite yesterday’s drastic rate cut.
Westpac cuts rates, big banks follow
WESTPAC was the first bank to lower home loan rates today, after the RBA cut the official rate by a huge 1 percentage point.
Borrowers shouldn’t expect much rate relief
THE RBA is widely expected to cut official interest rates today but borrowers have been warned not to expect too much relief.
Banks on $25 billion gravy train
AUSTRALIA’S banks will reap an estimated $25 billion if they pass on only half of the expected 0.5 per cent interest rate cut.
Rates set to be slashed – will banks follow?
INTEREST rates will be cut deeper and faster than previously expected, as the global financial crisis continues to bite.
CBA won’t commit to further rate cuts
COMMONWEALTH Bank of Australia says it is unable to guarantee matching any further reduction in official interest rates.
Weak dollar could delay rate cuts
A WEAKER dollar could delay an interest rate cut due to worries about the effect of higher petrol prices on inflation, economists say.
NAB won’t commit to rate cuts
NAB says it can’t commit to passing on any further rate cuts because of increased volatility in international credit markets.
St George cuts fixed home loan rates
ST George is cutting its fixed interest rate home loans by up to a quarter of a percentage point.
Rate cut ‘still likely’ in October
THE turmoil in world financial markets has increased the chance of a follow-up interest rate cut in October, economists say.
Westpac cuts fixed rate home loans
WESTPAC will drop its fixed interest rates for both new and existing customers by up to 0.3 percentage points from tomorrow.
ANZ cuts fixed interest rates again
ANZ will drop its fixed interest mortgage rates for new customers by up to 0.2 percentage points from Monday.
Rates relief will be slow
THE economy will continue to slide for at least six months as rates fall only gradually — painfully slow relief for struggling families.
RBA ‘cautious’ on rate cuts
THE Reserve Bank may be cautious about how quickly it cuts official interest rates in the future, because inflation still has a long way to fall, economists say.
RBA defends interest rates record
THE RBA says Australia is probably six months away from seeing clear evidence that inflation has begun to fall.
All eyes on next interest rate move
GLENN Stevens will front a parliamentary committee today with the market hanging on every word for a hint of what’s next for rates.
Economists divided on cut timing
INTEREST rates have finally moved lower, but questions have emerged exactly how quickly the RBA will deliver further cuts.
Will banks cut home loan interest rates?
THE big question today isn’t whether the RBA will lower interest rates, but if banks will follow up with cuts to home loan rates.
RBA to cut interest rates next week
A COMBINATION of a slowing economy, deteriorating business conditions and tight credit markets will lead to a rate cut next week.
RBA to wield rate knife with caution
CONTINUED strong demand from China for raw materials is likely to stop the RBA from granting home owners two consecutive rate cuts.
ANZ lowers fixed home loan rates again
ANZ is lowering its fixed rate home loans for the second time this month, as the market prepares for a cut in official rates next week.
ANZ joins NAB in interest rate cut promise
ANZ has followed NAB’s lead and promised to lower mortgage rates if the Reserve Bank cuts official rates.
Sluggish growth fuels rate cut hopes
AUSTRALIA is set to experience the slowest economic growth in seven years which would make the case for a 50 basis point interest rate cut in September, a survey shows.
Rollercoaster rates mean economic trouble
AUSTRALIA has entered the economic danger zone and the RBA is under fire from experts as it struggles to avoid a crash landing.
Rate cut almost certain, say economists
THE minutes of the Reserve Bank’s August board meeting have all but confirmed there will be an interest rate cut next month.
Swan warns banks to pass on rate cuts
WAYNE Swan has told the nation’s banks to pass on rate cuts, warning he has weapons to make the banking system more competitive.
RBA confirms rates will fall – but when?
THE central bank has given its loudest signal yet that it is about to cut interest rates, as data shows wage inflation remains under control.
RBA ‘in a position to cut rates’
THE Reserve Bank of Australia (RBA) said today that it was in a position to consider cutting interest rates because reduced household spending made such a move “a lot easier”.
Rate cut ‘more likely in November’
THE Reserve Bank’s concerns about high inflation in the near-term would make an interest rate cut in November more likely than next month, economists say.
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