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Interest rates on hold?

Discussion in 'Real Estate' started by Jacque, 30th Apr, 2007.

  1. Jacque

    Jacque Team InvestEd

    16th Jun, 2005
    Looks like inflation has saved the day for interest rates to probably remain on hold at this week's RBA meet...

    The threat of an immediate interest rate rise by the Reserve Bank of Australia has receded, following weaker than expected inflation numbers earlier this week, according to analysts.

    A Bloomberg survey of 26 financial market economists, following the consumer price index (CPI) result, found that none saw any likelihood of a rise in May, while only one believed of such a possibility before the end of the September quarter.

    The RBA's preferred CPI measure, the trimmed mean CPI, lifted only by 0.5 per cent in the first quarter, while year on year core inflation fell to 2.7 per cent from 2.9 per cent.

    Source: InvestorDaily

    Good news for home owners, especially with the recent news that Mortgagees in Possession are increasing, particularly in some western suburbs of Sydney. This may well provide some relief for those doing it tough.