I'd be very surprised if we see any movement in the cash rate when the Reserve Bank gets
together for the first time in 2018.
The RBA has already tipped its hand, making very clear that it sees the cash rate going
up, not down.
But, of course, it has not tipped its hand on timing.
February is unlikely to be the time for the first move since August 2016.
Inflation is persisting below the RBA target range, and much as this might have been seen
as a virtue 5 or more years ago, it must now be worrying the RBA that they might not be
able to coax it back up.
Of particular worry is that wages growth has been below 2% for 18 months.
We have had a record 3.3% jobs growth figure for the past year, and wages should be growing,
but still they don't.
Australians carry amongst the highest levels of private debt in the world, and low wages
growth has meant that many recent homebuyers are feeling as stretched on their home loan
payments as they were when they started.
Into the mix also, goes the Australian dollar going back above US 81 cents.
The last thing the Reserve Bank wants to do is encourage a higher Australian currency,
just as the economy is recovering.
The fact that the Sydney market has started to slow also takes the pressure off for an
immediate move.
So for the first Tuesday in February 2018, I'd expect to see no move from the Reserve
Bank.
Rates are on the move anyway, and if you are an owner occupier on a variable rate making
principal and interest payments that move is down.
10 institutions on Canstar's database have cut variable rates for owner occupiers in
the past two months.
So, what should consumers be doing?
Canstar's website compares a total of 283 loans with comparison rates starting with
a 3.
If you're paying more, it might be time you considered alternatives.
For more infomation >> Ch. 2 News, 2-5-18 - Duration: 4:33.
For more infomation >> Ch. 46 News, 2-5-18 - Duration: 9:05.
For more infomation >> ランボルギーニファンが、炎上した「ムルシエラゴ」を約13万円にて購入→復活プロジェクトを開設 - Duration: 2:44.
For more infomation >> DIY Slide Wire Canopy Kit
For more infomation >> Opel Corsa 1.3 CDTi EcoFlex S/S Cosmo - Duration: 0:58.
For more infomation >> Mercedes-Benz S-Klasse S 500 e Limousine Lang Prestige Plus - Duration: 1:00.
For more infomation >> Audi A5 1.8 TFSI || S Line || Coupe || 19 inch velgen || 1e eigenaar - Duration: 0:59.
For more infomation >> Mercedes-Benz S-Klasse AMG S 63 4MATIC+ Coupé - Duration: 0:54.
For more infomation >> Mercedes-Benz GLC-Klasse AMG GLC 63 S 4MATIC Coupé - Duration: 0:54.
For more infomation >> Audi A4 Avant 1.8 TFSI 170pk Automatic S Edition | Panoramadak | - Duration: 0:57.
For more infomation >> Tyrone Pillay - Duration: 3:18. 


For more infomation >> Audi A3 Attraction Advance Sportback 1.2TFSI 105PK S-Tronic - Duration: 0:57.
For more infomation >> Audi A6 Avant 1.8 TFSI 190pk Lease Edition S-tronic - Duration: 0:55.
For more infomation >> ジャガーのフラッグシップ・サルーン「XJ」は、今年発表される次期型で電気自動車に生まれ変わる!? - Duration: 4:05.
For more infomation >> Mazda CX-5 SKYACTIV-D 175 PK 4WD AUTOMAAT - Duration: 0:59.
For more infomation >> Mercedes-Benz E-Klasse E 220 d Estate Avantgarde Prestige Plus Automaat - Duration: 1:01.
For more infomation >> Volvo S60 2.4 D Intro Edition (LEDER INTR.) - Duration: 0:59.
For more infomation >> Mercedes-Benz GLE-Klasse GLE 350 d 4MATIC Coupe AMG Line - Duration: 0:54.
For more infomation >> Mercedes-Benz E-Klasse E 220 d Limousine Automaat Business Solution AMG - Duration: 1:00.
For more infomation >> Mercedes-Benz E-Klasse E 200 d Limousine Lease Edition Automaat- TAXI DEAL! 21% KORTING - Duration: 0:58.
For more infomation >> Mercedes-Benz GLA-Klasse GLA 200 d 4MATIC Automaat AMG Line | Navi | bi-Xenon | Panorama - Duration: 0:57.
For more infomation >> Trump targets Democrat Adam Schiff calling him a liar, leaker - Duration: 4:33.
For more infomation >> Mercedes-Benz GLE-Klasse GLE 350 d 4MATIC Coupé AMG Line - Duration: 0:59. 

No comments:
Post a Comment