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Which way and by how much; or is it a question of how much it will go up by - 0.25% or 0.5%
March 08 RBA Interest rate decision
- Thread starter Uncle Festivus
- Start date
numbercruncher
Beware of Dropbears
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Seen as the banks have indicated they will probably bashing on an extra .1 or .15 , I think the RBA will only go the .25.
Got to tame the Inflation beast !
Got to tame the Inflation beast !
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more than certainly increased
rate cuts are not on the agenda imo
anyone notice the inflationary prices at woolworth$ of late
rate cuts are not on the agenda imo
anyone notice the inflationary prices at woolworth$ of late
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With the claim that they nearly moved by 50 BP's at the last meeting, then it is guaranteed that it will move up again.
Probably just the 25 BP's again would seem the way they will go.
Probably just the 25 BP's again would seem the way they will go.
you will get 0.5 either way
If RBA increase by 0.25 banks will tag a long to push it close to 0.5
If RBA increase 0.5, bank may cope a little more and increase independently in May or June
The way I see it the poor going to get a lot worse and the rich getting much richer, as interest hasn't made any dent in consumer spending..so I guess the rich are spending it up.
Push up rate... Asset price drop..they come in for the bargain because they have little debt.
If RBA increase by 0.25 banks will tag a long to push it close to 0.5
If RBA increase 0.5, bank may cope a little more and increase independently in May or June
The way I see it the poor going to get a lot worse and the rich getting much richer, as interest hasn't made any dent in consumer spending..so I guess the rich are spending it up.
Push up rate... Asset price drop..they come in for the bargain because they have little debt.
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You will get 0.5 either way
If RBA increase by 0.25 banks will tag a long to push it close to 0.5
If RBA increase 0.5, bank may cope a little more and increase independently in May or June
Radio reports today Kev07 has told the major banks he will be really cross if they exceed any RBA increase. That should do the trick.
What is he going to do? write them an angry letter
.....they can regulate more and cost the bank more..then the bank just pass the bucks to customers ....
I think they will do it doesn't matter what the government thinks.. I think the more the government up the anti the easier for them to do it and it could cost them the next election
crazy for government to be get involve in the market.I'm not pro banks but I think that just the way it is with the big 4 controls the market.
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I go with the consensus here, in that RBA will increase IR by 25bps this time around.
Though, hope not, want this AUD to fall!
Though, hope not, want this AUD to fall!
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They'll keep raising until something breaks IMO. Questions being how far, how fast, what breaks, and when?
Kauri
E/W Learner
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Kev has come out with his day before housing help policy... as he did last time... so it is set in concrete.. a la Billy Bathgate and Bo Weinberg..
Cheers
........Kauri
Cheers
........Kauri
Nyden
G.E. Money Genie
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I'm gunning for .5 - .25 obviously isn't scaring too many people; need to frighten the people into a cool-off period
... plus, I'm still cashed up, could do with higher interest / a plummeting market:
... plus, I'm still cashed up, could do with higher interest / a plummeting market
:
numbercruncher
Beware of Dropbears
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Tomorrows a given it seems and they are talking May as well already !
http://business.theage.com.au/may-rate-rise-likely-after-inflation-hits-sixyear-high/20080303-1wkw.html
http://business.theage.com.au/may-rate-rise-likely-after-inflation-hits-sixyear-high/20080303-1wkw.html
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Nyden
G.E. Money Genie
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Darn. Now I need to wait until May for extra interest :
:
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hahahaha, RBA taming the inflation that they cause by printing more money, hahahaha...
They must be laughing all the way to the bank, hahahaha, they are the bank, bahahahaha, how stupid are we for putting up with this ****....
And K Rudd is going, I want to make the RBA even more independant so they can rape us even more, hahahahahaha...
And everyone who actually has some money in the bank is excited at getting 7% when the money they have in the bank is getting devalued quicker that the Interest they get paid, bahahahahaha...
hhhhmmmm, I checked the M3 on the RBA's own website and it was running at 16% last year, hahahaha, suckers...
http://en.wikipedia.org/wiki/Money_supply
Maybe you people should watch this video and see how much inflation there was when Gold and Silver is used as money...
Julia
In Memoriam
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If Mr Rudd genuinely had the best interests of the country at heart, he would cancel the $31B of tax cuts and as an alternative put it into super.
Isn't the RBA going to be looking at counteracting the inflationary effect this extra spending power will have? The next interest rate rise won't be too far away.
Isn't the RBA going to be looking at counteracting the inflationary effect this extra spending power will have? The next interest rate rise won't be too far away.
Prospector
Not a scaredy cat anymore
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Maybe, just maybe, raising the interest rates has no effect on inflation? It just seems it attacks those who can afford it least, and who are subjected to the most taxes when purchasing property. How much of our inflation rate is influenced by our discretionary spending anyway?
Maybe the poll now needs to be - Which Bank will increase their rate first? And which will be the last to increase its deposit interest. Probably the answer will fit both questions.
And those rates cuts would be best served going into Super - except at the moment the share market investments in Super are like a drain. Will be some nasty surprises when people get their Super statements - then those smarties like my brother who thinks that buying shares is too risky, will see that his Super fund has done this anyway!
Maybe the poll now needs to be - Which Bank will increase their rate first? And which will be the last to increase its deposit interest. Probably the answer will fit both questions.
And those rates cuts would be best served going into Super - except at the moment the share market investments in Super are like a drain. Will be some nasty surprises when people get their Super statements - then those smarties like my brother who thinks that buying shares is too risky, will see that his Super fund has done this anyway!
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I believe you are right, however Ms Gillard stated on a recent ABC interview that the tax cuts would create more positive outcomes for jobs and the workplace in general, than it would add to inflationary woes !?!? Not sure how she plans to substantiate that claim, but surely adding more disposable cash mustbe inflationary.
I guess it is more important to deliver an election promise for the next Kev's 200 day scorecard publication.
