RBA meet August - will they drop IR

[MTR]

I am guessing interest rates will be cut in August when RBA meet, will help my cash flow

Here is a link that may interest you, what do you think????

http://www.businessspectator.com.au/article/2013/7/25/interest-rates/why-rba-will-cut-rates

 

[HotRod]

I think it'll happen.

Looking forward to a little extra in my pocket.

 

[Aaron_C]

Best thing is when business picks up and rates drop. Unfortunately for a lot of people out there the reason why the rates are cut is there is less income!

 

[jonmardell]

I am guessing interest rates will be cut in August when RBA meet, will help my cash flow

Here is a link that may interest you, what do you think????

http://www.businessspectator.com.au/article/2013/7/25/interest-rates/why-rba-will-cut-rates

Homeside must agree as they have just reduced their 1 and 2 year fixed rates

 

[MTR]

Homeside must agree as they have just reduced their 1 and 2 year fixed rates

Yippie, crack the champaign I just got a pay rise.

 

[HotRod]

Yippie, crack the champers, I just got a pay rise.

How???

If you are currently on a fixed rate that rate is fixed. If they drop the fixed rate that would only then apply to business signing up for that fixed rate.

Maybe I'm missing something???

 

[Ausprop]

about to sign up with them perhaps?

 

[CHAOS]

If you sign up for fixed and didn't pay the rate lock - and the fixed rate goes down - do you get the reduced rate? Because f=if you don't pay rate lock fee and it goes up - you pay the new rate?

 

[Aaron_C]

If you sign up for fixed and didn't pay the rate lock - and the fixed rate goes down - do you get the reduced rate? Because f=if you don't pay rate lock fee and it goes up - you pay the new rate?

that's right.

 

[atti]

according to article by kevin young rates will be 2.0% by april 2014 thats 2-3 more cuts. whoa alot of business must go bust.

 

[Ausprop]

according to article by kevin young rates will be 2.0% by april 2014 thats 2-3 more cuts. whoa alot of business must go bust.

?? why do you say that

 

[MTR]

How???

If you are currently on a fixed rate that rate is fixed. If they drop the fixed rate that would only then apply to business signing up for that fixed rate.

Maybe I'm missing something???

Oops, you are right... OK holding off on the Champaign until 6 August, when they drop

 

[Blacky]

I'm betting a drop of .25%
Hoping for .5 though.

It will mean a double bonus for me as the $aud will also drop

Let the good times roll.

Blacky

 

[buzzlightyear]

Yes.

Market and banks are all expecting IR drops.

BBSY has plummeted which means they'll pass in full if they drop.

 

[MTR]

I'm betting a drop of .25%
Hoping for .5 though.

It will mean a double bonus for me as the $aud will also drop

Let the good times roll.

Blacky

Me too, $aud at 91-92, am also betting that the drop will impact on this and fall further....happy days.

 

[atti]

?? why do you say that

because the interest rate is a leverage tool for economic activity, a rate drop prediction of .75 % looks certainty businesses are going gangbusters and not in a good way, i can see the signboards everywhere driving around town. it looks unusual for a whole stretch of manufacturing suburbs having signboards of FORSALE/FORLEASE i was looking at getting into commercial warehouse purchase but scared now.


i have signed up for newsletters with alot of gurus they all saying pretty much same thing resi is going to boom in prices next 2-3 years. scary....

 

[tambourineman]

They'll pass

 

[tambourineman]

because the interest rate is a leverage tool for economic activity, a rate drop prediction of .75 % looks certainty businesses are going gangbusters and not in a good way, i can see the signboards everywhere driving around town. it looks unusual for a whole stretch of manufacturing suburbs having signboards of FORSALE/FORLEASE i was looking at getting into commercial warehouse purchase but scared now.


i have signed up for newsletters with alot of gurus they all saying pretty much same thing resi is going to boom in prices next 2-3 years. scary....

That the problem with gurus - try tell you what they want you to hear

 

[MTR]

Most of the gurus that were around 10 years ago are not around today.... OK Steve McKnight still around.

What happened to

Peter Spann

Navra

Carly C (C Corp)

M Yardney


You will probably find that the strategies these gurus were promoting does not work, you will need to research why

 

[westminster]

I am guessing interest rates will be cut in August when RBA meet, will help my cash flow

Here is a link that may interest you, what do you think????

http://www.businessspectator.com.au/article/2013/7/25/interest-rates/why-rba-will-cut-rates

I leaning towards a drop.

I'll be happy - reduced holding fees would be handy

Not looking forward to reduced rates on interest bearing account though

Can't have it both ways of course