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Interest rates on hold till 2007, says the National Australia Bank [NAB]

Rick Adlam — Wed, 01 Feb 2012 09:11:51 +0000

According to the National Australia Bank, [the NAB] its latest analysis of the business climate consolidates the view that official interest rates will remain on hold for the rest of the year. For September, the bank’s measure of business conditions has recovered just a little after two months of decline. A pick-up in the retail sector has been [...]

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Interest Rates : Where did the RBA get it wrong?

Rick Adlam — Mon, 30 Jan 2012 09:25:49 +0000

When the RBA lifted interest rates in November last year I said at the time that it was one rate rise too many. The RBA was at the time focused more on getting Interest rates to “normal levels”, when we are not in normal times Since then many people have agreed with me, including members [...]

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Mortgage Rates: Why the Banks are free to raise rates.

Rick Adlam — Sun, 29 Jan 2012 21:20:53 +0000

That brings up a few questions for the Prime Minister. So Julia Gillard, how will you sort out this mess? In particular.... How will you overturn the ability of the banks to bleed the "hard-working families" white and take most of their pay packets through high margins? How do you plan on stopping the coming wave of foreclosures and the homelessness of hard-working Australians? How will you keep the non and bank mortgage sectors apart and return then to a truly competitive picture to reduce interest rates. How will you ensure that a new raft of mortgage players can easily enter the mortgage market to drive down interest rates? If the HSCB bank in the UK can provide mortgages on a margin of 0.49%pa why do our banks need a margin over six times that amount? When will Labor stop encouraging in anti-competitive behaviour? How will you break the Big Four Bank Cartel?

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