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abz123

Interest rate held at 4.5% again

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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.


PIO members are like triangles. Most of us are (a)cute but there are also those who are down right obtuse. Treat us all as equilaterals and we won't fall out. :biggrin:

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Guest chris955

A bit of breathing space for those on variable mortgages.

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Good for the mortgagees but not so good for the savers unfortunately.

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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.

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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:


PIO members are like triangles. Most of us are (a)cute but there are also those who are down right obtuse. Treat us all as equilaterals and we won't fall out. :biggrin:

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Guest chris955

Yes, you can't have it both ways. Unfortunately our mortgage is here and our savings are in the UK :biggrin:

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