Interest rates to remain on hold…for now

By webmaster 14 July 2010 | 1 minute read

Interest rates are expected to remain on hold for the foreseeable future.

>According to NAB’s latest monthly business survey, interest rates are likely to remain at 4.5 per cent until late 2010.

But while rates remain on hold for now, NAB’s chief economist Alan Oster says the RBA will inevitably raise rates again before the end of the cycle.

“Interest rates will peak at 5.5 per cent by mid 2011 and inflation will be revised up to 3 per cent before year’s end,” Mr Oster said.

Interest rates to remain on hold…for now
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.