RBA holds cash rate at 1.5%.

Discussion in 'Loans & Mortgage Brokers' started by standtall, 6th Dec, 2016.

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  1. standtall

    standtall Well-Known Member

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    standtall, 6th Dec, 2016
    #1
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  2. Kangabanga

    Kangabanga Well-Known Member

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    Kangabanga, 6th Dec, 2016
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  3. WattleIdo

    WattleIdo midas touch

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    Sound of crickets .... no drama, hey.
     
    WattleIdo, 6th Dec, 2016
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  4. wombat777

    wombat777 Well-Known Member

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    Perhaps some intent not to weigh down on confidence prior to Christmas sales. Bad consumption figures would impact the economy next year.
     
    wombat777, 6th Dec, 2016
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  5. MTR

    MTR Well-Known Member

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    agree
     
    MTR, 6th Dec, 2016
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  6. Elives

    Elives Well-Known Member

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    because fixed rates have risen are most people betting that variable will soon rise? etc RBA will have a rise next quarter?

    or no because fixed is only to do with international funds?

    Thoughts anyone?
     
    Elives, 6th Dec, 2016
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  7. Perthguy

    Perthguy Well-Known Member

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    I don't think so. What RBA want is for residential loan interest rates to rise but the cash rate to fall. Someone explained it to me but I can't remember why. To slow residential lending and cool property prices but stimulate the rest of the economy because businesses can get cheap credit? I don't admit to understanding the theory. It would not be good for retirees with cash investments.
     
    Perthguy, 6th Dec, 2016
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