Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Growth Sales Marketing Industry

Our Events


New Broker Academy 2022

The Adviser’s New Broker Academy aims to equip prospective brokers with the knowledge, skills and mindset to succeed...

LEARN MORE
VIEW ALL
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

Governor quiet on potential rate moves

By Staff Reporter
17 August 2009 | 1 minute read

The Reserve Bank of Australia governor Glenn Stevens would not be drawn into comment concerning a potential shift in official interest rates at the House of Representatives Economics Committee hearing in Sydney this morning.

Mr Stevens did say that economic conditions had improved in the last few months as had the conditions in the international financial markets.

"Things abroad hardly look rosy but they look distinctly better than they did a few months ago," Mr Stevens said.

"Extreme risk aversion has abated, spreads have narrowed and capital markets have continued to thaw, even though in some cases that has relied on central banks financing activity."

Mr Stevens said that while the Australian economy has remained "resilient" it is presumed that consumer demand and first home buyer demand for finance will be softer in the second half of the year.

He refused to be steered on timing for potential rate rises, instead saying the bank will adjust monetary policy "in a timely fashion, when the time is right."

Governor quiet on potential rate moves
default
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.