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RBA leaves rates unchanged for March

Mar 3 2009 3:23pm#1 (permalink)

Robert T

Anonymous Visitor
Avatar for Robert T		Are we surprised? I thin k many will be... but others were thinking the Reserve Bank would leave rates unchanged for now and then review again in April. They have cuts rates consistantly since September last year so maybe they just want to wait and see what happens for a while. I think they may cut rates again in April by a little bit, perhaps 25 basis points or something. My mortgage would go down again if rates are cut and the banks pass on the cut, so I would be quite happy.
Mar 3 2009 3:26pm#2 (permalink)

Money Matters

Anonymous Visitor
Avatar for Money Matters		well I am surprised! I thought they would cut rates today, because although some areas are showing some sign of recovery the general economic picture is still quite gloomy. But perhaps they are right to hold them for now and see what happens. Cutting rates doesn't help much if still no one is spending or you loose your job.
Mar 3 2009 3:29pm#3 (permalink)

Kerry

Anonymous Visitor
Avatar for Kerry		yeah I was secretly thinking they may leave rates alone today as they have already cut rates by so much they want to see what happens. it's a shame for anyone who was hoping their mortgage repayments might go down again though!
Mar 3 2009 3:31pm#4 (permalink)

Robert T

Anonymous Visitor
Avatar for Robert T		yeah but even if the RBA had of cut rates today there was no guarantee that any of the banks would have lowered home loan rates
Mar 3 2009 3:34pm#5 (permalink)

Money Matters

Anonymous Visitor
Avatar for Money Matters		That's true Robert T but as homeowners we live in hope!

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