Interest rates on hold—again!
I think the story of 2024 might be… ‘RBA interest rates on hold again & again & again with the potential for rate cuts towards the end of the year’ – Maybe.
Contemporary commentary by specialist broker Boris Sfiligoi, about interest rates and other driving economic issues, plus resources and latest news.
Be first to hear the latest news relevant to economic policy, residential owner occupied/investment property loans plus business and asset finance.
I think the story of 2024 might be… ‘RBA interest rates on hold again & again & again with the potential for rate cuts towards the end of the year’ – Maybe.
The good news is that the RBA should keep interest rates on hold next Tuesday at 4.35% and for the foreseeable future.
There is always a long lag effect for interest rates to properly take effect through the economy. However after 13 RBA rate hikes I think interest rates have finally bitten—the tide has turned.
It looks like a 0.25% Melbourne Cup rate rise is on the way. This will take official interest rates to 4.35%.
The quarterly inflation outcome of 1.2%, a few weeks ago, has seemingly condemned the RBA to raising interest rates again. Inflation is falling but it’s just not falling fast enough or in the way the RBA wants it to.
I think the story of 2024 might be… ‘RBA interest rates on hold again & again & again with the potential for rate cuts towards the end of the year’ – Maybe.
The good news is that the RBA should keep interest rates on hold next Tuesday at 4.35% and for the foreseeable future.
There is always a long lag effect for interest rates to properly take effect through the economy. However after 13 RBA rate hikes I think interest rates have finally bitten—the tide has turned.
It looks like a 0.25% Melbourne Cup rate rise is on the way. This will take official interest rates to 4.35%.
The quarterly inflation outcome of 1.2%, a few weeks ago, has seemingly condemned the RBA to raising interest rates again. Inflation is falling but it’s just not falling fast enough or in the way the RBA wants it to.
Download fact sheets and guides about government programs and home loan policy.
With only 5% deposit you can buy your first home! Get up-to-date information about the First Home Buyer Guarantee Scheme right here.
Snap shot information about the Federal Government’s First Home Buyer Guarantee Scheme. Buy your first home with as little as 5% deposit.
Our credit practice license numbers are as follows: Credit Representative Number (CRN), Bordez Pty Ltd – 514831, Boris Sfiligoi (Mortgage Broker) – 514830; Australian Credit Licence (ACL) – Mortgage Specialists Pty Ltd – 387025.
Credit representative, Boris Sfiligoi is an accredited finance broker with the Mortgage and Finance Association of Australia (MFAA).
Copyright 2022 Bordez.com.au. All Rights Reserved