RBA may wait to raise rates
Saturday 7 February 2004
The Reserve Bank of Australia (RBA) may signal that a slowing housing market and a rising currency has reduced the urgency to raise interest rates when it presents its quarterly statement on the economy on Monday.
By The Landlord
Market participants are eagerly awaiting the Statement on Monetary Policy, the first from the central bank this year, to gauge the outlook for interest rates and the economy.The RBA raised the benchmark interest rate by a quarter of a percentage point in November, after holding it steady for 16 months and followed with another hike in December.
Economists are forecasting at least one more quarter percentage point rise in the first half of this year but the RBA stayed its hand, keeping the key rate at 5.25 per cent, when board members met this week.
Read More - Opens in a new window
Commenting is closed
Property News
Collaboration key to urban development
Central and local government and industry must work together to ensure that the Government’s proposed new urban development strategy is successful.
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Commercial
NZ proptech start-up scores major investor
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
Mortgages
LVR limits slow down investors
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.
