High rates cool credit demand
HIGHER interest rates have restrained demand for credit, but appear to have done little to rein in inflation pressures which are growing, data released today shows.
Interest Rates
Reserve Bank to hold fire on rates
MORTGAGE holders are set to be spared more interest rate discomfort next week with the Reserve Bank expected to keep rates on hold.
Big banks split on rate outlook
BORROWERS beware – two of Australia’s big four banks still think an August interest rate rise is likely.
Rate rise ‘on the cards’
ONE of the country’s biggest banks still believes an August interest rate increase is on the cards, despite signs of a slowing economy and an unexpected drop in employment.
Mortgage stress worst in a decade
MORTGAGE stress among borrowers has hit its highest level in more than a decade, according to ratings agency Standard & Poor’s.
Rates future over a barrel
SKY-high oil prices might yet undermine the Reserve Bank’s attempts to keep the lid on inflation and force interest rates higher over the next few months.
Property becomes an investment turn-off
WITH mortgage interest rates sitting at a 12-year high, investors are turning away from property as credit costs mount.
Tax cuts may trigger rate pain
TAX cuts in July pay packets could lead to another interest rate rise in the September quarter, despite poor job figures released last week.
Interest rates ‘slowing economy’
RESERVE Bank governor Glenn Stevens says tighter financial conditions, due to the global credit crunch and higher domestic interest rates, has helped slow domestic demand.
RBA gets breathing space
THE Reserve Bank’s attempt to slow the economy is working, with the economy registering its first fall in employment levels in 18 months.
Petrol and rates give consumers the blues
CONSUMERS are feeling worse than at any time since the recession of 1992, thanks to soaring fuel costs and continually rising rates.
RBA warns on interest rates
DESPITE keeping mortgage rates on hold yesterday, the Reserve Bank gave a stark warning that it will lift them again soon if wages or prices race…
Don’t rule out fixing your home loan
IF you’re thinking of fixing your loan, it may be possible to lock it in and save money, with fixed rates costing less than standard variable rates.
Rates seen steady, for now
INTEREST rates are tipped to remain on hold this week thanks to signs the economy is cooling, according to analysts.
Rate hike unlikely this week
SIGNS the economy is slowing down means the Reserve Bank is likely to keep rates steady at 7.25pc when it meets next week
Rates tipped for a pause
RATES are expected to remain on hold next week after new business investment figures showed the economy is slowing down.
More rate hikes almost sure
MARKETS have almost fully priced in another interest rate rise to 7.5 per cent within five months.
Aussies reeling in financial doom
AUSTRALIANS are reeling in financial doom, with 2 in 3 saying their financial situation is worse now than it was 12 months ago.
Rudd under the pump as fuel heads for $1.70
HIGHER petrol and food prices are having a bigger impact on households than interest rate hikes, a survey has found.
Wizard raises home loan rates
WIZARD Home Loans has raised its variable interest rate on number of its products by 10-basis points.
Rate rises hit house sales
THE Reserve Bank’s interest rate rises have sent housing markets plunging around the country, with the squeeze hitting those on low incomes the hardest.
Fewer home loans taken out in March
RISING mortgage rates have put off home buyers, with the number of home loans taken out in March falling 6.1 percent.
RBA lifts inflation forecasts
THE RBA has raised its forecasts for inflation for this year but believes prices pressures will start come off the boil by the end of 2008.
RBA boss in rates warning
RESERVE Bank governor Glenn Stevens has raised the prospect of further interest rate rises, warning that the commodities boom and excessive wage claims threaten to derail the bank’s effort to control inflation.
Ten good reasons for rate reprieve
PLUMMETING consumer confidence and higher mortgage repayments are among 10 key reasons why the RBA should leave rates on hold.
Economy running at full speed
HOME owners have enjoyed the best price gains in four years and the economy may not be slowing as quickly as the Reserve Bank believes.
Inflation rises at record pace
INFLATION is rising at its fastest rate on record as petrol prices reach fresh heights, a leading private sector indicator shows.
HSBC predicts more rate rises
HSBC AUSTRALIA boss Stuart Davis expects the big banks to continue raising their home loan rates independently of the RBA.
Rudd wants one million new homes
KEVIN Rudd says Australia needs one million new homes over the next six years to keep up with estimated population growth.
Why central banks do what they do to us
NEWS.com.au takes a look at what prompts interest rate movements, and how Australia’s rates compare to the rest of the world.
Original URL: https://www.news.com.au/finance/economy/interest-rates/page/79