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3.6% for the past year, but I think they've said a few times that they're not paying too much attention to the figures from the start of the year.. this past quarter is 33% less than the previous - trending down a fair bit.Is 0.6% for an annualised 3.6% low inflation? I doubt the RBA would think so.
They'll hold is my GUESS!
In my the opinion this "Born Again Christian" Governor of the RBA and his mates on the board from "Hillsong" are waiting for devine intervention!
I dont see how his religious beliefs have any relevance to his performance... and even less how Hillsong is relevant.
I would suggest you keep on the topic of his performance, rather than religion. Otherwise, this discussion will very quickly deteriorate.
3.6% for the past year, but I think they've said a few times that they're not paying too much attention to the figures from the start of the year.. this past quarter is 33% less than the previous - trending down a fair bit.
I seem to remember electricity, water/sewerage and rates going up heaps last quarter too.. Come to think if it, since we're billed seperately for rates/water in Brisbane, the two combined are about double what I was paying 4yrs ago.
Could not agree more...unfortunately what I say is true.
Suggest you research the background of the RBA Gov and some on the board.....reminds of George Bush and the Republicans.
As for Hillsong.....suggest you do some reading there also!
That's my feeling as well. Would be nice though.....I'd say a rate cut is more likely in November than December, but I actually doubt there'll be a cut at all.
I dont see how his religious beliefs have any relevance to his performance... and even less how Hillsong is relevant.
I would suggest you keep on the topic of his performance, rather than religion. Otherwise, this discussion will very quickly deteriorate.
But I would like them to cut the rates... I think it will bring a few buyers out of the woodwork and we are selling our PPOR.. first open home is the first Saturday in November, just after the announcement.
If it happened, I'd be beginning to think we had "gold thumbs". We sold an IP a number of years ago, and everyone told us we were crazy. Just after we exchanged contracts, and before settlement, they put the interest rates up.. it was the first interest rate rise in ages, and the market got spooked. The prices in our complex dropped by about $30 000 within 2-3months.
So, we'll see if we can time it so well in the opposite direction.