All Topics / General Property / Interest Rates?

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  • Profile photo of forextraderforextrader
    Member
    @forextrader
    Join Date: 2003
    Post Count: 23

    The Reserve Bank of Australia board is meeting today, the announcement is due tomorrow. Financial markets suggest a 10-15% chance of a 25 basis point rate hike, but the odds of a hike may be higher. The arguments for an increase are very strong – rampant housing credit growth, a depreciating exchange rate, continued high consumer confidence. The speeches coming from the RBA board of late have been very hawkish. The arguments for the status quo are relatively thin. Current inflation is mild, but even the dovish Aussie commentators suggest a rate hike will come in a few months in order to quell import price inflation; they just don’t think it will come now

    There are known knowns which we know, there are unknown knowns which we dont know we know and there are known unknowns which we know we dont know but wish we had known but there again I dont know.

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    I’m 60:40 in favour of the belief that interest rates will rise by .25 basis points.

    Time will tell.

    Cheers,

    Steve McKnight

    **********
    Remember that success comes from doing things differently.
    **********

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of FernFern
    Member
    @fern
    Join Date: 2004
    Post Count: 45

    Its either now or next month.
    The longer they leave it, the bigger the shock at the other end IMHO.

    Profile photo of AceyduceyAceyducey
    Participant
    @aceyducey
    Join Date: 2003
    Post Count: 651

    No change in rates.

    Tha’s fact not opinion BTW :)

    See: http://www.rba.gov.au/

    No commentary this month til the 7th (from the RBA).

    I like how the media are still pushing the ‘rate rise must be coming soon’ line. Remember it’s not so much about what is real as about creating controversy!

    Cheers,

    Aceyducey

    Profile photo of hsmediahsmedia
    Member
    @hsmedia
    Join Date: 2004
    Post Count: 4

    If you want to know what is going on with interest rates, subscribe to http://www.infochoice.com.au and they will send you a bulletin weekly… its very useful info

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225

    Just someone’s opinion.

    The economists just don’t have a clue either.

    There have been occasions where the rates were raised only to be lowered again a couple of months later.

    Ask 10 economists and you’ll get 15 different opinions.

    Some of the soothsayers talk from the corners of their mouth, talking in riddles so they can claim they predicted whatever comes about.

    What nonsense, a 15% chance of something coming about. What rot.

    Pisces

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435

    Interesting enough, 2 months ago my lender asked me whether I am interested in locking the rate at current market. It cost $250 per loan. Back then I was applying for 2 loans I decided not to lock in because I believe the interest rate will stay the same….guesting game….and it is for the last 2 months.

    Interest rate will fall next month…LoL

    Kind regards

    Chan Dollars
    [Retire Young, Retire Rich] [strum]

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