Glen Stevens “RBA is currently happy with the state of Australias economy...”
Almost one in five brokers have no web presence and only a minority are generating their own leads online according to a newThe Adviser poll.
A straw poll conducted last week found that 17 per cent of the 300 respondents said they do not have a web page to promote their business.
Interestingly, of those that [...]
CREDIT card interest rates on premium and gold cards are still at an average of 19 per cent despite the drop in official interest rates to 4.5 per cent, research company CANSTAR has found. CANSTAR financial analyst Adam Beu said anyone who wanted to avoid high rates should pay the debt off and use the [...]
THE pause button has been kept on rates, with the RBA sidelined on domestic and global economic woes.
The Reserve Bank’s board of directors voted to keep the cash rate at 4.75 per cent at its meeting in Sydney today.
It’s the ten-month anniversary of last year’s shock Melbourne Cup Day rise, and the longest stretch of [...]
TWO of Australia’s biggest unions today are demanding the Reserve Bank cut interest rates as part of a rescue package for Australian manufacturing.
The Australian Workers’ Union and the Australian Manufacturing Workers’ Union warned the mining boom was pushing up the value of the dollar and reducing the competitiveness of local suppliers.
‘’The mining boom is not [...]
The Reserve Bank Australia (RBA) has been torn between low economic growth and high inflation when deciding rates over the past year, a senior central bank official says.
Australia’s annual headline inflation rate was 3.6 per cent in the June quarter and 3.2 per cent in the March quarter, well outside the RBA’s target range of [...]
dollar
THE Australian dollar was little changed at noon, after local producer prices failed to surprise the market and as investors waited for an announcement from the US on debt-ceiling negotiations.
At 1200 AEST today, the Australian dollar was trading at 108.31 US cents, down slightly from 108.34 US cents on Friday afternoon.
Australia’s producer price index (PPI) [...]
Only a month after the RBA governor Glenn Stevens spoke of interest rates going up, there is a growing feeling in the market that the next rate move may be down.
Investors remain concerned with the European debt, this is reflected in the instability of the international stock markets.
According to Credit Suisse data, there is [...]
There has been a lot of negative reaction from both banks and stockbrokers to the Government proposals to impose a new levy for anti-money laundering and counter-terrorism financing. It seems that our Government has already spent more than $1 billion to report suspicious financial transactions and apparently they do not wish to finance this any [...]
As was widely expected, RBA has just announced that it will be keeping interest rates on hold for another month. However most economists see it as a reprieve and still expect that rates will need to go up before the end of 2011. This news will be welcomed by the retail, real-estate, and the home [...]
According to new research published by Coredata, Aussies are choosing to hold on to cash in these uncertain times rather than spend or even invest. Most people are concerned about the stability of our economy.
It seems that consumers as well as businesses and other investors are generally staying away from shares, managed funds and other [...]
RBA: 50 basis point cut
Non banks can regain market share over the coming year
Guide Dogs Australia enters the insurance market,
Income protection and its Benefits
RBA left rates on hold
Government plans to fund the National Disability Insurance Scheme
Australian life insurers are competitive on life insurance market
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