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Free lunch on Monday, toss a coin on Tuesday.
Free lunch on Monday, toss a coin on Tuesday.just in case you've missed it, RBA now has 2-day meetings, but only 9 times a year ... and not this coming Tuesday
2024 Reserve Bank Board meetings
- 5–6 February.
- 18–19 March.
- 6–7 May.
- 17–18 June.
- 5–6 August.
- 23–24 September.
- 4–5 November.
- 9–10 December
@Macquack Yeah the "free" lunch is on us.Free lunch on Monday, toss a coin on Tuesday.
Gutless bastids.HOLD
Gutless bastids.
May we live in "interesting" times....The next 6 to 12 months is going to be interesting.
An Irish curse, and considering what is going on in Ireland, even more interesting.May we live in "interesting" times.
@JohnDe I guess those suffering with mortgage stress can get by for another month without tightening the belt another notch.rock and hard place.
Governments throwing money everywhere, cost of living keeps going up, great employment figures, and a cooling economy.
The next 6 to 12 months is going to be interesting.
How bad can it be, the ANZ CEO announced today that they have .3 % of lenders in their hardship programme, 79% of customers were in front with loans and 50% were ahead by 3 months. I reckon you're going to see another rate rise before the years out.@JohnDe I guess those suffering with mortgage stress can get by for another month without tightening the belt another notch.
@TimeIsmoeny perhaps rubbery figures, or is their loan book not that very large??How bad can it be, the ANZ CEO announced today that they have .3 % of lenders in their hardship programme, 79% of customers were in front with loans and 50% were ahead by 3 months. I reckon you're going to see another rate rise before the years out.
Ok hang your nuts over the fence and put number on it. Lol
What do you think it will settle at?
I said a while ago 5.1 %.
I still think 5.1% will be the top out point for the RBA, atm they are just letting people adjust IMO.How bad can it be, the ANZ CEO announced today that they have .3 % of lenders in their hardship programme, 79% of customers were in front with loans and 50% were ahead by 3 months. I reckon you're going to see another rate rise before the years out.
It is definitely a hold this time around.
I am with Westpac and ANZ.
MickReserve Bank governor Michele Bullock has refused to grant cash-strapped household borrowers relief, keeping interest on hold for a seventh-straight meeting as the window for a pre-election rate cut continues to narrow.
In a move that was widely anticipated by economists and investors, the central bank’s board held the cash rate steady at 4.35 per cent, a level it has sustained since November, and offered scant evidence it was ready to commence rate cuts before Christmas.
“While headline inflation will decline for a time, underlying inflation is more indicative of inflation momentum, and it remains too high,” the RBA’s post-meeting press statement read.
Pointing to the RBA’s most recent staff forecasts released in August, the board noted that it would be some time yet before inflation sustainably returned to its 2 to 3 per cent target band.
“Data since then have reinforced the need to remain vigilant to upside risks to inflation and the board is not ruling anything in or out,” the statement read.
“Policy will need to be sufficiently restrictive until the board is confident that inflation is moving sustainably towards the target range.”
... useful info if looking for Term DepositsThe end of the bar chart is something struggling homeowners might want to shield their eyes from, with 2 experts believing a rate cut will only come in 2026.
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