Powered by MOMENTUM MEDIA

Interest rates to remain on hold…for now

finance-advice
1 minute read

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.

by webmaster
July 14, 2010
Advertisement
Advertisement
>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
default
spi logo

From the web

Website Notifications

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