Powered by MOMENTUM MEDIA
the adviser logo
Lender

Rate cuts not far off: NAB

by Staff Reporter2 minute read
The Adviser

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

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

default
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