As Cash is Scare, Interest rates look to rise.
August 31, 2010
According to Skander Malcolm, the chief executive of GE Capital Australia, throughout the next decade cash may be scarce due to the steadily increasing cost of capital. Mr. Malcolm asserts that cash will still be available to all who want it; however, the price of borrowing or the interest rate charged may be much higher than before the global economic crisis, when there was an abundance of liquidity in the market. read more..
Economic indicator shows growth slowing
August 24, 2010
The Westpac/Melbourne Institute leading index for June, which measures economic growth six to nine months in the future, decreased 0.1 points in the month.
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Fewer credit card borrowers in difficulty, says CBA
August 17, 2010
Possibly one of the most gratifying details in the Commonwealth Bank’s recent quarterly earnings statement was that fewer of the bank’s borrowers, including credit card holders, remain in financial difficulty, a tribute to Australia’s strengthening economic recovery. read more..
CBA chief won’t rule out rate rise
August 12, 2010
During the interviews following the announcement of the Commonwealth Bank’s historic full-year cash profit, its chief executive, Ralph Norris, refused to rule out an out-of-cycle rate rise. read more..
NAB intends to hold mortgage rates steady
August 11, 2010
In its recent earnings announcement conference call, NAB chief executive Cameron Clyne indicated his intention of holding mortgage rates down and maintaining the competitive pressure on the other major banks. read more..
