Andrew from Vista Financial Posted August 2, 2013 Share Posted August 2, 2013 Thought this might be of interest. NAB have forecast that there will be 2 further rate cuts this year, one at the next meeting (this is on Tuesday next week) and a further cut later in the year, if correct this will bring the cash rate down to 2.25% They also go on to say that there is a real possibility of further cuts in 2014 which will take the cash rate below 2.25%, the full article can be read here http://business.nab.com.au/wp-conten...ll-07-2013.pdf This of course is good news (if it happens) for mortgage borrowers especially those on variable rates. It could also be good news for people with GBP as the Aussie dollar would likely be impacted and weaken further. Not so good for people with high weightings of their assets in cash though. Link to comment Share on other sites More sharing options...
Guest Posted August 2, 2013 Share Posted August 2, 2013 Great news for me if it happens. Variable rate mortagage and still have shares in the LSE Link to comment Share on other sites More sharing options...
runslikeafish Posted August 2, 2013 Share Posted August 2, 2013 Good news for me too! If it happens... Link to comment Share on other sites More sharing options...
Candygirl Posted August 2, 2013 Share Posted August 2, 2013 Thank You Andrew. Good news for us as we are watching the exchange rates as we need to transfer funds soon. Link to comment Share on other sites More sharing options...
newjez Posted August 2, 2013 Share Posted August 2, 2013 1.70 yyyyyyyyyyyyyyiiiiiiiiiiiiiiiiiiiipppppppppppppppppppppppppppppppppeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee ki yah !!!!!!!!!!!!!!!!!!!!!!!!!!!!! I do feel a bit sorry for those that cash out at 1.45. But what can you do. Even from here, no one really knows where it is going. Link to comment Share on other sites More sharing options...
Quoll Posted August 2, 2013 Share Posted August 2, 2013 Bloody hell! For once in our lives we have savings earning diddly squat. Living on a crumbling Aus dollar in UK is going to be tricky for us too. Bugger! Link to comment Share on other sites More sharing options...
KIRK AND CO Posted August 3, 2013 Share Posted August 3, 2013 1.70 yyyyyyyyyyyyyyiiiiiiiiiiiiiiiiiiiipppppppppppppppppppppppppppppppppeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee ki yah !!!!!!!!!!!!!!!!!!!!!!!!!!!!! I do feel a bit sorry for those that cash out at 1.45. But what can you do. Even from here, no one really knows where it is going. I did Link to comment Share on other sites More sharing options...
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