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AUSTRALIAN HOMEOWNERS LIKELY TO FACE ANOTHER RATE RISE THIS YR.
CANBERRA, Sept 1 Asia Pulse - Homeowners still look likely to face another rate rise later this year, despite some signs Australians' appetite for debt is easing.
Reserve Bank of Australia (RBA) figures released yesterday show Australians are continuing to reach for the credit card, but households are perhaps being more discerning with their purchases.
The figures show private sector credit rose 1.2 per cent in July, taking the total annual increase to 14.8 per cent.
But personal credit grew by only 0.5 per cent for the month, to make it 9.5 per cent for the year, the lowest level in four years.
RBC Capital Markets senior economist Su-Lin Ong says the credit data helped validate the RBA's decision to lift rates again in August.
But the figures were not enough to dampen expectations of another rate rise before Christmas.
"The credit data will need to show much more ...
- INTEREST RATE RISE LIKELY IN AUSTRALIA NEXT WK: ECONOMISTS.
- News wire article from: Asia Africa Intelligence Wire February 25, 2005 700+ words
...priced in the first rate rise for 15 months...suggested a March rate rise was not set in concrete. Australia's central bank...see any need for a rate rise." Elsewhere today...growth. National Australia Bank senior economist...
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- News wire article from: AsiaPulse News June 9, 2006 700+ words
...the Reserve Bank of Australia lifted the cash rate...renewed talk of another rate rise this year, but Mr...Industry Association of Australia (MIAA) said the May rate rise was unlikely to have...In some areas of Australia we're seeing the...
- AUSTRALIA POSTS ROBUST RETAIL SALES IN AUGUST DESPITE RATE RISE.
- News wire article from: AsiaPulse News October 3, 2007 700+ words
...the Reserve Bank of Australia (RBA) raising interest...of another interest rate rise in the first quarter...spending is quite firm in Australia and is not influenced...the Reserve Bank of Australia was more likely to raise...bank won't rule out a rate rise if inflation was ...
- TWO OF AUSTRALIA'S 4 BIG BANKS SAY AUGUST RATE RISE ON THE CARDS.
- News wire article from: AsiaPulse News June 20, 2008 700+ words
...beware - two of Australia's big four banks...August interest rate rise is likely. This...predicting an August rate rise after another spike...The National Australia Bank is less convinced that another rate rise is needed and is...
- AUSTRALIA'S SERVICES SECTOR GROWS DESPITE RATE RISE.
- News wire article from: AsiaPulse News December 5, 2007 700+ words
...Dec 5 Asia Pulse - Australia's services sector...despite an interest rate rise as companies geared...Commonwealth Bank of Australia Performance of Services...Commonwealth Bank of Australia senior economist John...undeterred by the November rate rise. "The Australian PSI...
- FUTURE RATE RISE FOR AUSTRALIA LIKELY AS CONSUMERS KEEP SPENDING.
- News wire article from: AsiaPulse News October 3, 2007 700+ words
...Pulse - The Reserve Bank of Australia (RBA) has kept interest rates unchanged, but another rate rise is growing increasingly likely...quarter to determine if another rate rise is needed. The September...would have also prevented a rate rise this month, with higher inter...
- INTEREST RATE RISE UNLIKELY BY YEAR'S END: AUSTRALIA'S WESTPAC.
- News wire article from: AsiaPulse News August 21, 2007 700+ words
...surprised if there's a further interest rate rise over the balance of the calendar...and diverse source of funding. "Australia's in a very different position...there'll be a further interest rate rise from the Reserve Bank over that period...
- ECONOMISTS TIP FURTHER RATE RISE IN AUSTRALIA.
- News wire article from: AsiaPulse News August 18, 2006 700+ words
...Pulse - The Reserve Bank of Australia (RBA) is likely to move...the probability". National Australia Bank senior economist David...the risk lay more towards a rate rise, than steady rates. "His...petrol prices. "And the May rate rise is justification for the August...
- AUSTRALIA'S RISING HOME SALES ADD TO LIKELIHOOD OF RATE RISE.
- News wire article from: AsiaPulse News March 27, 2007 700+ words
...case for another interest rate rise. The jury is still out...by the Reserve Bank of Australia (RBA) on Wednesday next...markets are braced for a rate rise, a possibility that has...Association (HIA) of Australia are by no means the highlight...
- SOME ECONOMISTS QUESTION AUSTRALIA'S INTEREST RATE RISE.
- News wire article from: Asia Africa Intelligence Wire March 8, 2005 700+ words
...Reserve Bank of Australia's (RBA) recent interest rate rise, expecting employment...week's interest rate rise by the RBA, which...another 25 basis point rate rise in April," he...February. National Australia Bank (NAB) senior...
Source: HighBeam Research, AUSTRALIAN HOMEOWNERS LIKELY TO FACE ANOTHER RATE RISE THIS YR.