Relevant:
- Cautious Australians Ignore Rate Cuts As Housing Sags
- ECB Cuts Key Rate to Record Low to Fight Deflation Threat
- Australia Home Prices Drop 3.7% as Banks Doubt 2012 Rebound on Rate Cuts
- Australia Banks Should Raise Mortgage Rates This Year, UBS' Boubouras Says
- China cuts interest rates again to support economy
2012-10-12 — bloomberg.com
Australia's central bank is set to extend the developed world's steepest interest rate cuts after banks failed to match its reductions, blunting their impact.
The Reserve Bank of Australia probably will lower its cash rate to a record-low 2.75 percent by February, from the current 3.25 percent, interest-rate swap prices show. The nation's four biggest lenders, accounting for 85 percent of the bank mortgage market, have withheld about a quarter of the RBA's 1.5 percentage points of cuts since November.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
