abz123 Posted August 3, 2010 Share Posted August 3, 2010 The central bank has left the cash rate at 4.5 per cent for a third straight month. "With (economic) growth likely to be close to trend, inflation close to target and the global outlook remaining somewhat uncertain, the board judged this setting of monetary policy to be appropriate," he (Reserve Bank governor Glenn Stevens) said in a statement. Expectation is that they will still creep up later in the year. Link to comment Share on other sites More sharing options...
Guest chris955 Posted August 3, 2010 Share Posted August 3, 2010 A bit of breathing space for those on variable mortgages. Link to comment Share on other sites More sharing options...
Quoll Posted August 3, 2010 Share Posted August 3, 2010 Good for the mortgagees but not so good for the savers unfortunately. Link to comment Share on other sites More sharing options...
gpo1971 Posted August 3, 2010 Share Posted August 3, 2010 Economic growth would have been way ahead of trend if they hadn't rushed to get 3 quick rises in as soon as they thought everyone was out of the woods. That, coupled with the Govt's total mismanagement of the proposed mining tax, is the only reason the economy isn't flying. They're useless. Link to comment Share on other sites More sharing options...
abz123 Posted August 4, 2010 Author Share Posted August 4, 2010 Good for the mortgagees but not so good for the savers unfortunately. There are a lot of people in the UK would bite your arm off for a savings rate like that. :wink: Link to comment Share on other sites More sharing options...
Guest chris955 Posted August 4, 2010 Share Posted August 4, 2010 Yes, you can't have it both ways. Unfortunately our mortgage is here and our savings are in the UK :biggrin: Link to comment Share on other sites More sharing options...
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