news

Rates on hold until May

By webmaster

The official cash rate is not expected to climb any higher until May 2011.

According to National Australia Bank’s chief economist Alan Oster, the RBA would be hesitant to lift rates before mid-2011 thanks to a spate of weak economic data.

“We have revised our rate hike expectations. Originally, we expect the RBA to lift rates again in February, however, we now think it will more likely be May before the RBA acts,” Mr Oster said.

“We expect the official cash rate to hit 5.25 per cent by August 2011.”

The last time the RBA lifted the official cash rate was in November, when all four of the majors decided to lift above and beyond the board’s stipulated 25 basis point increase.

Thank you.

Your enquiry has been sent to a local Aussie Mortgage Broker.

We will be in contact with you shortly.
Opps.

error occurred.
Unfortunately Aussie cannot attend to your home loan related enquiry at this stage as you must be a citizen or permanent resident.
Do you need help finding the right loan for your investment?
What Aussie do for you:
  • Give expert mortgage advice to help you find great investment loan deals
  • Help you maximise return by lowering financing costs
  • Save you time and effort by helping with the paperwork
First name
Last name
Location
Mobile Number
Are you an Australian Resident?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
BLUE BAY 49.18%
2.
PAMBULA 43.5%
3.
BERKELEY VALE 42.74%
4.
POINT PIPER 40.52%
5.
NORTH TURRAMURRA 38.12%
Rates on hold until May
SPI logo