Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Rate cuts not far off: NAB

Staff Reporter 1 minute read

Interest rate cuts are set to come sooner rather than later, according to NAB’s March Business Survey & Economic Outlook.

Advertisement
Advertisement
According to the report, business conditions fell in March to reach plus seven index points, the lowest reading since December 2002. Business confidence also fell two points during March to negative four index points, the lowest level since September 2001.

While the economy appears to be slowing, NAB expects high terms of trade, tax cuts and the farming rebound to partly offset this. It has however readjusted its forecast for interest rate cuts from mid 2009 to early 2009, with the chance of rate cuts late this year not out of the question.

Published: 09-04-08

Rate cuts not far off: NAB
default
TheAdviser logo
default
more from the adviser
houseandmoneyrates ‘Don’t rush in’: Risks of new housing scheme flagged

Broker support is critical for borrowers looking to capitalise on...

speed boat ta AFG welcomes specialist lender to its panel

The aggregator has welcomed specialty asset finance lender Austra...

business handshake 2 Finsure expands third-party team, appoints new BDMs

The mortgage aggregator has announced the appointment of new busi...

FROM THE WEB