Powered by MOMENTUM MEDIA
the adviser logo

Rates held steady at 7.25 per cent

by Staff Reporter1 minute read

The RBA left rates unchanged today, as was widely expected, at 7.25 per cent.

RBA governor Glenn Stevens said that recent information had provided evidence that domestic demand was moderating and that business and consumer sentiment softened in the early part of 2008.

Inflation, however, is still expected to put pressure on rates in the near-term; Mr Stevens commented that the current setting of monetary policy would only be appropriate “for the time being.”

Published: 01-04-08

Rates held steady at 7.25 per cent
default
TheAdviser logo
default

MORE FROM THE ADVISER

Paul Moses Stewart Saunders Heritage Bank TA

New broker head for Heritage Bank amid leadership shuffle

Heritage Bank’s NSW and ACT state manager Paul Moses is set to become its new head of broker experience, replacing...

READ MORE
James Angus ta

Bluestone boosts non-prime support for brokers

As part of Bluestone’s senior underwriters, the “broker credit coaches” will have new responsibilities added to...

READ MORE
ron Galvin and John eid

Prime welcomes new BDMs amid SME lending boom

Prime Capital has welcomed former MyState Bank BDM Ron Galvan and former Archer Wealth BDM John Eid to its team of...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
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
Read more