Seven rate rises in a row tipped

Source: The Age

Perth : Australia | about 1 month ago

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A declaration by Reserve Bank chief Glenn Stevens that the bank would not be ''timid'' about raising interest rates has led financial markets to tip seven interest rate rises in a row, while the dollar has surged to 92.23 US cents. In an unexpectedly hawkish speech in Perth, Mr Stevens fuelled...

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News Stories

Prepare for series of sacrifices

News Source: The Australian | about 1 month ago

THE nation's top two economic advisers, Glenn Stevens and Ken Henry, yesterday warned the public to prepare for a series of short- and long-term sacrifices as the economy returns to normal, with interest rates to rise rapidly and tax reform to leave...
Watch out Greenback, we could be $1.10

News Source: The Daily Telegraph (Australia) | about 1 month ago

The dollar jumped after Mr Stevens also suggested that the Reserve Bank would not be “too timid” in further increasing the official interest rate, breaking through US92c to reach 14-month highs. His comments startled foreign exchange market...
More rate rises on the way

News Source: The Courier-Mail | about 1 month ago

Melbourne Cup Day interest rates rise after Reserve Bank boss Glenn Stevens gave his strongest hint yet that homeowners should brace for a string of rapid-fire rate rises. Mr Stevens set a hawkish tone yesterday in his first comments since he ended...
Seven rate rises in a row tipped

News Source: The Age | about 1 month ago

A declaration by Reserve Bank chief Glenn Stevens that the bank would not be ''timid'' about raising interest rates has led financial markets to tip seven interest rate rises in a row, while the dollar has surged to 92.23 US cents. In an unexpectedly...
Take punt on another rate rise

News Source: Adelaide Now | about 1 month ago

Speaking to a Perth conference yesterday, he said the global downturn had been threatening, but its impact here had been "pretty mild". "If we were prepared to cut rates rapidly, to a very low level, in response to a threat but then were too timid to...
RBA's Stevens Says Risk in Being 'too timid' on Rates

News Source: Epoch Times | about 1 month ago

Homeowners should brace for more rapid or larger interest rate increases in the Reserve Bank of Australia's (RBA) quest to return monetary policy to a normal level. In his first address since the central bank lifted the cash rate last week, RBA...