PROPERTY INVESTOR LANDLORD ECONOMIC NEWS & ALERTS AUSTRALIA/NEW ZEALAND

Monday, April 12, 2010

CBA RAISED VARAIABLE RATES FRIDAY BY .25%

CBA RAISED VARAIABLE RATES FRIDAY BY .25%  STD VAR NOW 7.11% & BASIC VAR NOW 6.60% http://www.propertyinvestorlandlord.com.au/

Tuesday, April 6, 2010

RBA RAISES CASH RATE 25 BASIS POINTS 6/4/2010

RBA RAISES CASH RATE 25 BASIS POINTS TAKING CASH RATE TO 4.25% http://www.propertyinvestorlandlord.com.au/

Saturday, March 27, 2010

NZ WESTPAC BANK DROPS FIXED 2YR RATE

NZ WESTPAC BANK DROPS FIXED 2YR RATE FROM 7.20% TO 7.10% http://www.propertyinvestorlandlord.com.au/

Monday, March 15, 2010

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Saturday, March 13, 2010

NZ - Westpac Bank Drops Fixed 5,4 and 3yr Rates

NZ-Westpac Drops Fixed Rate 5yr to 8.5%, 4yr to 8.2%, 3yr to 7.75% http://www.propertyinvestorlandlord.com.au/

NZ - National Bank Drops 5,4 and 3yr Fixed Rates

NZ-Drops Fixed Rate 5yr to 8.5%, 4yr to8.2%, 3yr to 7.79% http://www.propertyinvestorlandlord.com.au/

NZ - ANZ Fixed 5,4 and 3yr rate Lowered

NZ-ANZ Drops Fixed 5yr rate to 8.49%, 4yr to 8.19% and 3yr to 7.75% http://www.propertyinvestorlandlord.com.au/

NZ Banks Drop Their Fixed 3,4 and 5yr Interest rates

NZ Banks Drop Their Fixed 3,4 and 5yr Interest rates http://www.propertyinvestorlandlord.com.au/

NZ - growth expected to increase to 4% next year

RBNZ has stated they expect growth to increase to 4% next year. http://www.propertyinvestorlandlord.com.au/

RBNZ Leaves Official Cash Rate Unchanged at 2.5%

RBNZ Leaves Official Cash Rate Unchanged at 2.5% & expects to begin removing policy stimulus middle of 2010 http://www.propertyinvestorlandlord.com.au/

Friday, March 5, 2010

World GDP is expected to rise at close to trend pace in 2010 and 2011

World GDP is expected to rise at close to trend pace in 2010 and 2011: Global economy is growing, world GD.. http://bz9.cc/0eo1

NZ Monetary Policy Statement on 11th March

NZ Monetary Policy Statement on 11th March: NZ Monetary Policy Statement and OCR announcement on Thu 11 Ma.. http://bz9.cc/0eo0

Tuesday, March 2, 2010

RBA raises cash rate 25 basis points to 4%

RBA raises cash rate 25 basis points to 4%
RBA raises cash rate 25 basis points to 4% adding an approximate $50 a month to the average mortgage.
Eyes are now on the banks and how greedy they will be after RBA cash rate rise.

Sunday, February 28, 2010

RBA TO MEET 2ND MARCH

Reserve Bank of Australia board meeting this Tuesday 2nd March,
STAY TUNED FOR RESULTS

NZ WESTPAC BANK RATES CHANGE

NZ WESTPAC BANK recently raised 6mth fixed rate to 5.75% and droped fixed 1yr rate to 6.25%

Wednesday, February 3, 2010

RBA SHOCK, RATES LEFT AT 3.75%

RBA SHOCKS THE COUNTRY AND LEAVES INTEREST RATES AT 3.75% for another month Feb 2010.

Now the big question is will big banks follow or will greed get the better of them?

Monday, February 1, 2010

RESERVE BANK OF AUSTRALIA MEETS TOMORROW

HOLIDAYS ARE OVER RBA MEETS TOMORROW AND ECONOMISTS
PREDICT ANOTHER 25 BASIS POINTS RISE IN RATES

After inflation figures came in higher than expected economists are predicting at least a 25 basis points rise in rates taking the cash rate to 4.00%.

Thursday, December 17, 2009

The New Zealand Official Cash Rate (OCR) remains unchanged at 2.5 percent.

Date 10 December 2009
The New Zealand Official Cash Rate (OCR) remains unchanged at 2.5 percent.

Reserve Bank Governor Alan Bollard said: “The New Zealand economy continues to recover but there remains considerable uncertainty about the durability of the expansion

“If the economy continues to recover, conditions may support beginning to remove monetary stimulus around the middle of 2010. Recent tightening in financial conditions, driven by a higher exchange rate, increased long-term interest rates and a wider gap between the OCR and bank funding costs, reduces the need for more immediate action.”

Saturday, December 5, 2009

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RBA RAISES CASH RATE 25 BASIS POINTS TO 3.75 % EFFECTIVE 2 DEC 2009

At its meeting today, the RBA Board decided to raise the cash rate by 25 basis points to 3.75 per cent, effective 2 December 2009.

Credit for housing is expanding at a solid pace, and dwelling prices have risen significantly this year. Business credit has fallen, as companies have reduced leverage in an environment of tighter lending standards, and as some lenders have scaled back their balance sheets. The decline in credit has been concentrated among large firms, which generally have had good access to equity capital and, more recently, to debt markets. Share markets have recovered significant ground, which, together with higher dwelling prices, has meant a noticeable recovery in household wealth.
The Board’s assessment of the outlook remains much as in the November Statement on Monetary Policy. Growth in 2010 is likely to be close to trend and inflation close to target.
With the risk of serious economic contraction in Australia having passed, the Board has moved at recent meetings to lessen gradually the degree of monetary stimulus that was put in place when the outlook appeared to be much weaker. These material adjustments to the stance of monetary policy will, in the Board’s view, work to increase the sustainability of growth in economic activity and keep inflation consistent with the target over the years ahead.


STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY