“The RBA’s monetary policy is now effectively impotent.” Michael Pascoe SMH We are now a low inflation country in a low inflation world. The cash rate being cut to 1.5 per cent, or down to 1 per cent or 0.5 per cent can’t and won’t change that. Consumers have become pretty much immune to softer policy. No business is being […]
Category Archives: News
NAB predicts two rate cuts in 2017
“Persistently low inflation will force the Reserve Bank of Australia to cut rates twice more in 2017 to 1 per cent”, says NAB “With inflation forecasts still very low and the RBA showing its hand as a committed ‘inflation targeter’, it is seemingly less worried than we thought about using up some of its valuable […]
Rate cuts – coincidence or collision?
Our biggest banks moved fast on yesterday’s rate cut – coincidence or collusion? Within minutes of the RBA cutting the cash rate to an all-time low, the Commonwealth Bank announced a completely different way of responding. Instead of passing on all of the cut, it would only pass on half and pass on the rest […]
Balancing the cost of kids sport
“Sydney mum spends around $10,000 a year on her kids’ sports” A mother in Sydney’s south is currently forking out over $10,000 a year on sports activities for her kids. All her kids take part in dance, Oz tag, football, netball, gymnastics, run club, swimming and rugby league. This means that she’s taking at least one […]