Just announced, the RBA, have decided to retain interest rates at 5.25%.
Hi Georgisj,
Hmmmmm – interesting.
In my mind I had thought we may have had another rise – that will definitely happen the moment the USA bank lifts their rates – we will follow at the next available moment.
Derek
Alan Greenspan has mentioned in his comments recently, that the low interest rates in the US will seemingly be in place for a little while longer.
As an aside, the Bank of Canada have reduced their rates by 0.25%, to 2.25%.
James
Originally posted by Derek:Hi Georgisj,
Hmmmmm – interesting.
In my mind I had thought we may have had another rise – that will definitely happen the moment the USA bank lifts their rates – we will follow at the next available moment.
Derek
you just can’t predict anything these day!
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]… did see that news article, too this morning, that America, is looking at holding there interest rates down, for a further time more…
Hey Georgisj,
did you watch the Sunrise Morning News, they had a few good minutes about the American Interest rate and market… though it does look positive that the Australian $$$ can still go up further more, though, a little disappointed in the drop over night.
Cheers,
sisFrom a purely selfish point of view, happy for the AUD to increase. Pushes inflation lower and increases pressure on RBA to not increase rates.
Last night was just the normal machinations of the FOREX market. I think there is still room for it to appreciate further.
James
arent they a fickle lot?
do we need to worry about what we cant do anything about? they make the decisions….just a thought
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