Get notifications in real-time for staying up to date with content that matters to you.
An interest rate cut in coming months could materialise following the release of RBA’s Statement on Monetary Policy yesterday.
The evidence to date, the statement read, was that “a significant moderation in demand is now occurring, and it is looking increasingly likely that demand will remain subdued, and economic growth will be fairly slow, in the period ahead”.
While inflation is likely to remain high in the short-term, the RBA board is confident demand is slowing to an extent that could bring a significant reduction to inflation over time.
“Scope to move to a less restrictive monetary policy stance in the period ahead is increasing,” the bank said.
Published: 12-08-08
Related articles
Rate cuts to boost broker refinancing business; 07-08-08
Rate cuts on the cards: RBA; 05-08-08
PROMOTED CONTENT
Brokers are driving competition in the mortgages sector and chang...
An SME lender has raised $25 million in equity to fund the ‘rap...
The weekly round-up of the biggest news stories from across Momen...
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?
