March interest rate rise
Mar 4th 2008, 2:37 am
#1
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Joined: Nov 2007
Location: Helensburgh...the proper one in Scotland
Posts: 947
March interest rate rise
Up again by 0.25% today.
Mar 4th 2008, 2:45 am
#2
Aussie lost in the UK
Joined: Jun 2007
Location: Terrigal, NSW Central Coast
Posts: 682
Re: March interest rate rise
I have a mate who works as a mortgage broker - so he's pretty close to all the major banks and knows people who know people etc etc.
He reckons a few of the big players are heading for a rise this week and have already slotted in at least another rise between now and May, regardless of what the RBA do to official interest rates......
Will be another 0.25 by end of May (on top of this weeks rise) ....
Who knows after that - long range forecasts are that it should settle down later in 2008 - but who knows..??
He reckons a few of the big players are heading for a rise this week and have already slotted in at least another rise between now and May, regardless of what the RBA do to official interest rates......
Will be another 0.25 by end of May (on top of this weeks rise) ....
Who knows after that - long range forecasts are that it should settle down later in 2008 - but who knows..??
Mar 4th 2008, 2:50 am
#3
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: March interest rate rise
.....and just to add to the confusion the ex rate spiked up from $2.11 this morning to $2.13 after the announcement.....probably because there was the outside possibility of a 0.5% rise priced in.
Mar 4th 2008, 3:17 am
#4
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Joined: Jan 2008
Posts: 164
Re: March interest rate rise
They don't call it hard labour for nothing.
Mar 4th 2008, 4:53 am
#6
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Joined: Feb 2005
Posts: 532
Re: March interest rate rise
The EUR to AUD rate also jumped suddenly to just under 1.64.........so I slipped a quick deal in........heading back down again now. The EUR has fared relatively well despite the comparatively lower interest rates in Europe.
