Get notifications in real-time for staying up to date with content that matters to you.
The RBA lifted interest rates by a further 0.25 per cent today in a bid to curb rising inflation.
The RBA Board warned that inflation was likely to remain “relatively high” in the short-term and may rise further in year ended terms, before moderating next year.
In his statement, RBA Governor Glenn Stevens, did however suggest that there are signs that bullish consumers may be becoming more cautious.
But despite softer consumer sentiment and “household credit demand slowing somewhat”, he stressed that moderation would need to be “significant” to have any impact on underlying inflation.
The official cash rate now sits at 7.25 per cent.
Published: 04-03-08
ASIC’s raised industry funding levies reflect higher enforcemen...
Construction and retail trade have fuelled business loan growth i...
The majority of Australian borrowers think applying for a home lo...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
What's the longest time you've been left on hold before getting through to a credit assessor?
