Finance guru Mark Bouris has predicted when rates will start to drop after warning relief from the Reserve Bank could be temporary following Philip Lowe’s announcement.
4.10 per cent for a second month in a rowCelebrity entrepreneur and businessman Mr Bouris expressed relief with hundreds of thousands of Aussies but warned “rates could still go up”.
However, Mr Bouris said the more pertinent question was when Aussies could expect to see the hikes reversed with rate drops. He concluded his brief video expressing joy that the RBA had “seen sense” after being a vocal advocate against the increases.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Give Reserve Bank power over Google and Apple payments, CBA urgesUnder current rules, the central bank cannot demand data from technology firms, subject them to price regulation, or impose rules relating to smartphones access.
Read more »
‘Very close call’: Economists split on RBA cash rate decisionAMP Chief Economist Shane Oliver says economists are split on whether the RBA will hold or lift the cash rate on Tuesday. “It is a very close call … on the one hand services inflation is still too high, the Reserve Bank is very concerned about wages growth and of course, the job markets is still very tight,” Mr Oliver told Sky News Australia. “Against all of that, we did see those lower-than-expected inflation numbers … the inflation rate is actually falling faster than the Reserve Bank expected.”
Read more »
Reserve Bank interest rates: Treasurer Jim Chalmers says mortgage holders ‘bracing’ for delayed effect of rate risesJim Chalmers says mortgage holders are “bracing” for the delayed effects of successive interest rate rises on their budgets; he says the fight against inflation is not yet over, despite price rises easing. Follow updates here.
Read more »
Try July tally passes $1 million mark after month of celebrationsSince its inception in 2020, sportsbetcomau TryJuly has raised a remarkable $1,025,000 to support various causes including the Family of League Foundation and the Red Cross! 👏 Details:
Read more »
Should you brace for more mortgage pain? Predictions ahead of RBA's rate callHere's what economists and the big banks expect from the Reserve Bank's call on interest rates today.
Read more »
Traders and economists split on RBA’s next moveBond traders are more confident that the Reserve bank is nearing the end of its aggressive rate cycle, but economists aren’t so certain.
Read more »