OurFinanceBlogs.com - Australian Finance Blogging Community

No Urgency to Lock in Low Rates Just Yet.

Posted by The Fundamental Analyst on Mar 21st, 2009

Addressing the American Chamber of Commerce in a function today, CBA’s Chief Executive Floyd Norris has this to say:
“There’s no doubt that the toughest period in the Australian economy still lies ahead of us,” Mr Norris told an American Chamber of Commerce in Australia function on Tuesday.
Norris also went on to say that he couldn’t [...]

Read More

Be prepared for the recession we might have avoided.

Posted by Greg Atkinson on Dec 14th, 2008

Although Rudd stated some weeks ago that Australia would not slide into a recession it seems another one of his forecasts has exposed just what an economic dunce he is. Possibly only Swan can make worse assessments of the state of the Australian economy with Glen “I raised rates too far” Stevens (the Reserve Bank [...]

Read More

Time-wasting public discussions

Posted by cij on Nov 21st, 2008

Sometimes, we despair at the kinds of politicians we have in Australia (and by extension, the rest of the liberal democratic world). Recently, the Opposition frontbencher Andrew Robb accused the government’s Treasury department of “manipulating” figures when it made a forecast of 2% economic growth. That 2% is only 0.5% more optimistic than the RBA’s [...]

Read More

Is The ‘Wages Bubble’ Next?

Posted by Debbie on Nov 8th, 2008

We’re taking it easy today. Once we have cranked these notes off to you it will be time to drop the Financial Review and pick up the Form Guide. Today will give us the opportunity to give back to the bookies the money we won at Derby Day.
And so in the spirit of the Spring [...]

Read More

Consumers Expect Inflation Rate to Fall

Posted by Debbie on Sep 14th, 2008

At the same time the Melbourne Institute released its survey of consumer inflation expectations. It shows that consumers are feeling quite positive about the direction of inflation. The survey tells us consumers believe inflation will fall in September to 4.4%. We will wait to see how accurate this survey is. In the same survey 9.8% [...]

Read More

Why are Australian banks not willing to lower mortgage rates?

Posted by cij on Aug 17th, 2008

Australian banks have been under pressure from many fronts to lower their mortgage rates in response to a possible interest rate cuts from the Reserve Bank of Australia (RBA). The government and opposition parties are demanding that the banks should do the ‘right’ thing by easing the strain of the working majority. The RBA added to the pressure by declaring that it sees no reason why mortgage rates should not lowered in response to monetary easing. The media poured fuel into the fire by accusing the banks of greed.

Read More