1 Hour To Go... Cast Your Vote - PropertyInvesting.com

Viewing 10 posts - 1 through 10 (of 10 total)

Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
November 1, 2011 - 2:18 am
Hi,
There’s only an hour to go until the RBA makes it interest rate announcement.
What do you think’s going to happen… up, down, or no change!
My vote is for no change.
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
Dan42
Member
@dan42
Join Date: 2008
Post Count: 619
November 1, 2011 - 2:23 am
I hope they cut by 25 bp, but I think you might be right, Steve.
luke86
Participant
@luke86
Join Date: 2010
Post Count: 470
November 1, 2011 - 2:26 am
I do not think there will be a change either, although a cut will be good for me personally!!!
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
November 1, 2011 - 2:29 am
No change.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
November 1, 2011 - 2:48 am
Gee whiz, no one wants to be controversial?
I guess I can delete this post if I’m wrong!
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
Tracey B
Participant
@tracey-b
Join Date: 2009
Post Count: 158
November 1, 2011 - 3:33 am
I'm thinking a reduction…..
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
November 1, 2011 - 3:34 am
Down she goes… 25 basis points.
“Over the past year, the Board has maintained a mildly restrictive stance of monetary policy, in view of its concerns about inflation. With overall growth moderate, inflation now likely to be close to target and confidence subdued outside the resources sector, the Board concluded that a more neutral stance of monetary policy would now be consistent with achieving sustainable growth and 2–3 per cent inflation over time.”
– Steve
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
JaSin66
Member
@jasin66
Join Date: 2011
Post Count: 30
November 1, 2011 - 4:11 am
And now we wait a month or 2 for the banks to move hahaha
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
November 1, 2011 - 7:41 am
SteveMcKnight wrote:
Gee whiz, no one wants to be controversial? I guess I can delete this post if I'm wrong! – Steve
Delete Steve! I was wrong as well!
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone Me
Mortgage Broker assisting clients Australia wide Email: [email protected]
thecrest
Participant
@thecrest
Join Date: 2004
Post Count: 992
November 1, 2011 - 11:44 am
I don’t feel so unenlightened when the gurus are wrong, although guessing wrong where the RBA thinking is concerned is not necessarily wrong but timing. RBA’s thoughts and actions are no doubt predictable by gurus but it can be a matter of when RBA decide to take the predictable action.
We’re about 24 hrs away from signing with CBA for a large loan to buy a motel leasehold so a cut is very welcome.
Always fun to test yourself, even if you’re not always right.
Cheers
thecrest
thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me
selling motels in NSW