RBA leaves rates unchanged

Discussion in 'Real Estate' started by BillV, 5th Aug, 2008.

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  1. BillV

    BillV Well-Known Member

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    BillV, 5th Aug, 2008
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

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    Saturday's AFR suggested that it is a "given" that rates are going to drop in September. They were saying that the only question is whether it is going to drop by 0.25% or 0.50%.

    The last few weeks have seen term deposit rates on offer drop back from mid 8s to 8s from the top 5 banks, which is a good indicator of what may be happening behind the scenes.

    Even if the RBA reduces rates by 0.25% the banks will linger, to continue claiming that they are still taking a hit on funding costs.

    Cheers,

    Dan
     
    AsxBroker, 10th Aug, 2008
    #2
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