Next Interest Rate Movement down?
- Thread starter sash
- Start date
Westpac are all alone
Another article on the term deposit softening:
http://www.theage.com.au/money/saving/term-deposit-rates-falling-20110830-1jiut.html
Interestingly toward the latter half of the article it appears Westpac are on their own in forecasting cash rate drops. The other three of the quadropoly still smell ensuing interest rate rises thru next year.
Another article on the term deposit softening:
http://www.theage.com.au/money/saving/term-deposit-rates-falling-20110830-1jiut.html
Interestingly toward the latter half of the article it appears Westpac are on their own in forecasting cash rate drops. The other three of the quadropoly still smell ensuing interest rate rises thru next year.
Deposit rates are not just a function of interest rates, but also lending demand.
If demand is falling..........
by the way those that are looking at deposits, should consider bank shares, they pay a hell of a lot higher 'interest' as dividends (10%+).
The funny thing is retail 'investors' will only start to get interested once they see the share price appreciate, but heres the catch
(a) the dividend yld will decline
(b) risk of capital loss increases as price increases
The funny thing is retail 'investors' will only start to get interested once they see the share price appreciate, but heres the catch
(a) the dividend yld will decline
(b) risk of capital loss increases as price increases
NAB says rates on hold until mid 2012
I see NAB has removed their previous forecast of a 25 point hike in December 2011 and now expects a considerable period of inaction by the RBA
http://www.spionline.com.au/2011/08/rates-on-hold-till-mid-2012amp/
I see NAB has removed their previous forecast of a 25 point hike in December 2011 and now expects a considerable period of inaction by the RBA
http://www.spionline.com.au/2011/08/rates-on-hold-till-mid-2012amp/
I still think the next move by the RBA will be up although still hoping for down. While ever that Glenn Stevens is there there is no hope of seeing really low rates as he is intent on spoiling the growth rates in property.
I personally think it will be a fair while before rates are lifted though.
I personally think it will be a fair while before rates are lifted though.
Can't see them clicking down, and definitely not click down 2...
People in capital cities honestly have no idea what's happening in the eastern coal mines and western iron ore fields do they? What do you think BHP does with its $22bn net profit? Spend it on infrastructure..... which drives up.. yes you know it... inflation!!
People in capital cities honestly have no idea what's happening in the eastern coal mines and western iron ore fields do they? What do you think BHP does with its $22bn net profit? Spend it on infrastructure..... which drives up.. yes you know it... inflation!!
either way, what does it spell?
that no matter the rate, lenders can adjust LVR, post codes, valuations, etc to look like the white hats.
Similar threads
