Published on April 10, 2010 by Technology Slice
RBA Raising Rates Too Quickly – Further official interest rate rises could choke off consumer spending and grind the economy to a halt, economists warn. Herston Economics chief economist Clifford Bennett says if the Reserve Bank raises the cash rate to five per cent by year’s end, the economy would “grind to a standstill”.
Tags: Australian Families, Cash Rate, Chief Economist, Clifford, Consumer Spending, Domestic Economy, Economics, Economists, Interest Rate Rise, Interest Rate Rises, Mr Bennett, Percentage Point, Rba, Standstill
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Published on March 15, 2010 by Technology Slice
Term Deposit Rate Falls – Three of the four major banks have lowered their term deposit rates, just a week after the Reserve Bank raised official interest rates. ANZ Bank, Westpac and National Australia Bank have all lowered rates on term deposits, some by as much 50 basis points, or half a percentage point, according [...]
Tags: Anz Bank, banks, Basis Points, Cannex, Commonwealth Bank, Financial Analyst, Interest Rate Expectations, interest rates, nab, National Australia Bank, Nest Eggs, Percentage Point, Peter Arnold, Term Deposit Rate, Term Deposit Rates, Term Deposits, Westpac
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Published on February 19, 2010 by Technology Slice
Fed Discount Rate – The U.S. Federal Reserve Thursday raised the rate it charges banks for emergency loans by a quarter percentage point, but emphasized that the step didn’t represent a broader tightening of credit. In a widely expected move, the U.S. central bank said the increase in the discount rate to 75 basis points [...]
Tags: Basis Points, Closure, Commercial Banks, Emergency Funds, Emergency Loans, Fed Discount Rate, Fed Funds Rate, Fed Officials, Federal Reserve, Financial Crisis, Financial Markets, Gap, Normalization, Overnight Loans, Percentage Point, Point Gap, S Central, Targets
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Published on February 12, 2010 by Technology Slice
TREASURY boss Ken Henry has declared the global financial crisis is over as Australia’s unemployment rate fell to an 11-month low. Australian Bureau of Statistics figures showed business was booming nationally and employing both full-time and part-time workers, with Australia’s jobless figure falling to 5.3 per cent from 5.5 per cent. The decrease came as [...]
Tags: Australian Bureau Of Statistics, Bailout Package, Boss, Bureau Of Statistics, Capacity Constraints, Downturn, Dr Henry, Fears, Financial Markets, Full Time, Global Financial Crisis, Job Losses, Jobless Rate, Ken Henry, Part Time, Percentage Point, Shocks, Time Workers, Treasury, unemployment rate
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Published on February 11, 2010 by Technology Slice
Inflation expectations moderated: survey February 11, 2010 – 11:49AM AAP Consumers expect price pressures to soften in February, yet they anticipate more interest rate rises from the Reserve Bank of Australia (RBA) in 2010, a survey says. The median expected inflation rate fell to 3.2 per cent in February from 3.5 per cent the previous [...]
Tags: Bank Of Australia, Chua, Economic Cycle, Expected Inflation, February 2, Headline Inflation, Inflation Expectations, Inflation Rate, Inflationary Expectations, Institute Research Fellow, Institute Survey, Market Economists, Melbourne Institute, Moderate Inflation, Percentage Point, Preferred Measure, Price Pressures, Reserve Bank Of Australia, Reserve Bank Of Australia Rba, Target
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