Reserve Bank Of Australia Interest Rate Decision TODAY at 2:30 PM
Check www.scottbanks.com.au after 2:30 this afternoon to find out if rates stay the same or go up again for the 6th time in 8 months. LIKE the betting on Ray Meagher for a Gold Logie, the odds of a rate rise today are shortening late. And fast. Last night the cash rate futures market implied a rate rise was a 69 per cent likelihood. A week ago a rise was just a 28 per cent chance. More details on our home page www.scottbanks.com.au in the article titled Interest Rates – AUSTRALIA from dailytelegraph.com.au
Here are Latest headiness on today’s interest rate decision…
AUSTRALIA’S established house prices soared 20 per cent in the 12 months to March, deepening fears that a house-price bubble would emerge, and at the same time clearing the decks for a further rise in interest rates today: theaustralian.com.au
THE Reserve Bank is likely to pull the trigger on another interest rate rise today with more evidence of booming house prices underscoring a late deluge of strong economic data: heraldsun.com.au
Most economists are tipping an interest rate rise today as property prices continue their march upwards, unaffected by five recent rate hikes. They say the current house price boom is now stronger than in 2007, but tightening of monetary policy alone will not curb buoyant house price growth: au.biz.yahoo.com
New data Inflation signals rates rise: theage.com.au
Record leap in house prices amid signs that inflation pressures are building have added to the case for an interest rate hike when the Reserve Bank of Australia board meets today: afr.com
