Well I was wrong there! But hey it's still a win!
Interest Rates to Drop?
- Thread starter HomeBuyAU
- Start date
Well I was wrong there! But hey it's still a win!
Thanks for the welcome Mr The Fence.
I will have to say that a third drop in interest rate is unlikely, unless something bad happens over the weeks...
cheers
The collusion continues... The longer it goes on the less likely its gonna get passed on in full. Pitty them poor bank tellers who are going to cop it this arvo/tomorrow.
My view is that this cone of silence being deployed by the Big Four is, in part at least, a function of the media frenzy and political jawboning around previous rate movements.
Patently each of the four want to recoup margin. But given past media and political criticism when they've done so, there's little to no incentive to go first. Nor is there any incentive in moving outside what the other three do. So it's in the interests of each of them to see how the others react and go last. The longer they delay, it's not costing them money. And it's buying the certainty of the PR position they'll be in.
Patently each of the four want to recoup margin. But given past media and political criticism when they've done so, there's little to no incentive to go first. Nor is there any incentive in moving outside what the other three do. So it's in the interests of each of them to see how the others react and go last. The longer they delay, it's not costing them money. And it's buying the certainty of the PR position they'll be in.
or in my speak, collusion-by-default.
If they dont pass it on Swannie is going to huff and puff and ...errrr well huff and puff . ooooh scary..
They'll tell us on Monday, after a few Euro decisions are made.
http://www.adelaidenow.com.au/busin.../story-e6frede3-1226216060765?from=public_rss
- Last line of the article
"It will discuss its interest rate position on Friday, in response to the rate cut from the RBA yesterday."
http://www.adelaidenow.com.au/busin.../story-e6frede3-1226216060765?from=public_rss
- Last line of the article
"It will discuss its interest rate position on Friday, in response to the rate cut from the RBA yesterday."
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I dont think there will be another until April/May, but perhaps back to back again like we have just had.
What are your thoughts on how this dip in rates is going to effect prices? The economy is going along at a snails pace currently, a few rate decreases i do think will change it much, unless it starts hitting the mid to high 5s.
Usually a decrease should increase demand/price, but i dont see it happening this time around.
What are your thoughts on how this dip in rates is going to effect prices? The economy is going along at a snails pace currently, a few rate decreases i do think will change it much, unless it starts hitting the mid to high 5s.
Usually a decrease should increase demand/price, but i dont see it happening this time around.
They'll probably put a press release out at 5 pm on Friday saying they aren't pasing it on.
Yes, a good strategy, everyone will be only thinking of getting home to enjoy the weekend and forget about the news or rates etc. This is like how Qantas waited for the weekend to announce the airline stoppage.
im glad more and more people are starting to see the light, that reduced official cash rates are not necessarily going to save the housing market and the economy overall.
What do you mean another cut....we haven't seen this one yet ??
Agreed. What cut? I haven't seen any yet
In fact I think banks should raise the rates. Imagine the double whammy they'd get
In fact I think banks should raise the rates. Imagine the double whammy they'd get
Good job.
Though I think my rise is around the corner
Tomorrow's headline:
Big 4 delivers Christmas gifts - mortgage rates to increase by 0.30%
Though I think my rise is around the corner
Tomorrow's headline:
Big 4 delivers Christmas gifts - mortgage rates to increase by 0.30%
