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Gold Coast Map

Interest Rates raised to 4.75% (2/11/10)

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.75 per cent, effective 3 November 2010. The global economy grew faster than trend over the year to mid 2010. Global growth will probably ease back to about trend pace over the coming year as strong recoveries in the emerging world […]

Property Investors happy with steady interest rates – still at 4.5% (6/10/10)

Property investors were given a breather with the Reserve Bank’s decision to keep interest rates at 4.5 per cent yesterday. A rise of .3 per cent in retail sales in August after one of .7 per cent in July has also given retail landlords a boost before the crucial Christmas trading period. Economists said that […]

Interest Rates remain unchanged – cash rate still at 4.5% (7/9/10)

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy grew faster than trend over the year to mid 2010, but will probably ease back to about trend pace over the coming year. Growth in China is moderating to a more sustainable rate as policies are […]

Interest Rates remain unchanged – cash rate still at 4.5% (3/8/10)

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy grew faster than trend over the year to mid 2010. The expansion has been uneven, with the major advanced countries recording only moderate growth overall but growth in Asia and Latin America very strong. There are indications […]

Interest Rates unchanged at 4.5% (6/7/10)

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. The global economy has continued to expand over recent months, consistent with a trend pace of growth. The expansion remains uneven, with the major advanced countries recording only modest growth overall, but growth in Asia and Latin America, to […]

Interest Rates unchanged at 4.5% (1/6/10)

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent. Since the Board last met, concerns about sovereign creditworthiness in several European countries have been a focus of financial markets. Investors have generally displayed a good deal more caution. As a result, equity prices have fallen and long-term […]

Interest Rates Decision (04/05/10)

At its meeting today, the Reserve Bank decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010. Recently, forecasts for world GDP growth have been revised up again, and growth is expected to be at trend pace or a little above in 2010. Conditions in Europe remain […]

RBA hints end to rate rise run (27/04/10)

The Reserve Bank has indicated that the recent string of rate rises may be coming to an end. Speaking at a business forum in Toowoomba last week, RBA governor Glenn Stevens said with the economy growing close to trend, and inflation close to target, interest rates are now falling back to normal levels. “The Reserve […]

Interest rates rise again (06/04/10)

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.25 per cent, effective 7 April 2010. The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is still hesitant in the major countries, due […]