http://www.asx.com.au/sfe/targetratetracker.htm
The SFE has a 100% expectation that the RBA will change the Target Cash Rate by 50 basis in March.
But don't expect it to be all passed on by the banks. They have already cautioned against this.
Browse Forums Home Finance 1 Feb 13, 2009 7:11 pm http://www.asx.com.au/sfe/targetratetracker.htm
The SFE has a 100% expectation that the RBA will change the Target Cash Rate by 50 basis in March. But don't expect it to be all passed on by the banks. They have already cautioned against this. Re: March interest rate cuts 2Feb 14, 2009 12:42 am Thanks for the warning but our fattest banks have already told us they need to get fatter as per the previous post below https://forum.homeone.com.au/viewtopic.p ... ht=#165668 Not to be confused with Harold Re: March interest rate cuts 3Feb 14, 2009 10:31 am so what do you thin we'll get if they do hold out on some of it, maybe a 1/4 of a percent cut in rates? Blog - http://snakedr.blogspot.com/ Build Thread - viewtopic.php?f=31&t=12084&p=307406#p307406 Status - PCI 15/10. Things nearly done. Re: March interest rate cuts 5Mar 03, 2009 1:29 pm So what do people think will happen today? 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure Re: March interest rate cuts 6Mar 03, 2009 1:38 pm Stevep79 & Principessa Finished building Wisdom Homes Impression 33mkII in The Ponds, Sydney http://lilypadintheponds.blogspot.com Re: March interest rate cuts 7Mar 05, 2009 1:46 am I think Reserve Bank heard the loud message by our biggest banks that they were not keen to pass any new cuts to consumers.
The motive behind any rate cut is of course to provide an incentive to borrow by reducing the cost of capital but if the Reserve Bank cuts are not passed on, what would be the point? Re: March interest rate cuts 8Mar 05, 2009 8:56 am True, all the banks said they've passed on enuf ..
Anyways, Mr Rudd has now started being pessimistic .. so i guess they want us to meet our fate n not help any further .. --- I don't have a signature - just this sentence saying that I don't have one - that'll do! Re: March interest rate cuts 9Mar 05, 2009 9:23 am thlo I think Reserve Bank heard the loud message by our biggest banks that they were not keen to pass any new cuts to consumers. The motive behind any rate cut is of course to provide an incentive to borrow by reducing the cost of capital but if the Reserve Bank cuts are not passed on, what would be the point? RBA rate decisions have absolutely nothing to do with what the banks will/will not pass on. Management of the economy doesn't hinge on what banks are going to do with consumer interest rates. Stevep79 & Principessa Finished building Wisdom Homes Impression 33mkII in The Ponds, Sydney http://lilypadintheponds.blogspot.com Re: March interest rate cuts 10Mar 05, 2009 9:28 am thlo I don't know steve, after the two big banks said they are not keen to pass on the rate cuts, Reserve Bank might be thinking what's the point. What do you think? Of course they would...that's a surprisingly simplistic analysis of why the Reserve Bank cuts rates...it's obligations are clearly stated: It is the duty of the Reserve Bank Board, within the limits of its powers, to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia and that the powers of the Bank ... are exercised in such a manner as, in the opinion of the Reserve Bank Board, will best contribute to: (a) the stability of the currency of Australia; (b) the maintenance of full employment in Australia; and (c) the economic prosperity and welfare of the people of Australia Sorry, didn't read anywhere in there about keeping mortgage rates low...that's just a possible consequence of the reduction in the overnight loans in the market. It could be argued that the Reserve Bank would introduce lower rates knowing full well that mortgage rates won't reduce, but that it makes interbank business cheaper and therefore meets the objectives above. It's all about the economy..... mmm....donuts Homer Simpson 1956- Links: Site Costs Ready Reckoner | H1 Addiction Medical Advice | Château TDL: The Backyard Re: March interest rate cuts 11Mar 05, 2009 11:12 am stevep79 RBA rate decisions have absolutely nothing to do with what the banks will/will not pass on. Management of the economy doesn't hinge on what banks are going to do with consumer interest rates. The management of the economy relies very much on having abundant credit at a reasonable price. This is why the government offered guarantees on savings, so that people will "lend" their money to the banks for re-circulation to borrowers and borrowing entities. This is also why the government agreed to offer securitisation funds to non bank lenders so that they could offer more funds to the market so home buyers can find affordable credit. Credit; Not too cheap and not too expensive; too cheap and you may create bubbles, to expensive and you scare "consumers" (not literal) of finance, such as households and businesses out of investing, spending. to_do_list that the powers of the Bank ... are exercised in such a manner as, in the opinion of the Reserve Bank Board, will best contribute to: will best contribute to: (a) the stability of the currency of Australia; (b) the maintenance of full employment in Australia; and (c) the economic prosperity and welfare of the people of Australia[/i] TDL, my comment is not the one that is simplistic. All of those abc's above are related to interest rates. There is no need to be too literal. Of course the Reserve Bank is not going to be involved in rate setting by lenders but all their decisions are taken with the real outcome in mind. Of course they cut rates so that interest rates charged to business and households can in turn cut by the lenders. Reserve Bank doesn't make decisions for possible consequences, they intend for this to happen as currency stability, employment and economic prosperity are all dependent on supply and cost of money. Re: March interest rate cuts 12Mar 05, 2009 1:45 pm One of the problems was also that everyone was thinking we would have a very small positive growth still and not head towards recession. Well one day after the Reserve Bank made its decision, the results came out that we were in fact contracting and heading towards recession.
I bet if that fact had been known the previous day then they would have cut rates. Really with just one day to wait they should have postponed their meeting for a few days. Dale. Building the Monaco 32 with Carlisle Homes Check out our blog for photos and progress reports: http://www.beigefreehouse.blogspot.com . Re: March interest rate cuts 13Mar 10, 2009 6:27 pm well theres all ways next time finished building 40 square home on 5 acres with perry homes.working on the landscaping just finished pool deck with ://forum.homeone.com.au/viewtopic.php?f=31&t=2217 This should not happen, when the timber arrives on site, bent studs should be separated to be cut for noggings and blocks. The studs should never be bad enough to… 4 10888 |