#VICTORIA 2 ECONOMY GUIDE SERIES#

#VICTORIA 2 ECONOMY GUIDE SERIES#

вЂњThe ASX 30 Day Interbank Cash Rate Futures November 2021 contract was trading at 99.970, indicating a 75 per cent expectation of an interest rate decrease to 0.00 per cent at the next RBA Board meeting,вЂќ it said.Д«ut banks have already begun moving fixed interest package rates higher for terms past the one year mark, including the Big Four вЂ“ ANZ, CBA, NAB and Westpac вЂ“ even though theyвЂ™re at odds over when exactly RBA will hike rates.Д¬BA now expects the RBA to go up in November next year, instead of May 2023 previously, while NAB believes the first rate rise wonвЂ™t be until the middle of 2023.Д«ut NAB warned that once the RBA does move upwards though it will trigger вЂњa relatively aggressive series of hikes thereafter to bring the cash rate to 1.75-2 per cent by end 2024вЂќ. Plan Melbourne 2017-2050 is the metropolitan planning strategy to manage Melbournes growth and change over the next three decodes. The current official cash rate is 0.10 per cent with the next RBA board meeting set for Tuesday November 2, its second last this calendar year and one thatвЂ™s expected to shift the tone for 2022.ДЇamilies are expected to cope by tightening their belts on spending, which is exactly the effect a rate rise is designed for.ДЇor now, the RBA Rate Indicator continues to go in the opposite direction to other major economies, on Friday showing a 75 per cent expectation of a decrease to 0.00 per cent at TuesdayвЂ™s meeting. While economists donвЂ™t expect the RBA to move immediately on rates, the forecast was for a major change in the next 18 months. The RBA has sat on its hands for 130 months without an increase in rates, during which time the housing market has been an absolute powerhouse of activity. This as other major central banks change course with borders set to reopen, including the Reserve Bank of New Zealand which this month increased its official cash rate for the first time in seven years (last in July 2014) вЂ“ with a 0.25 per cent rise thatвЂ™s expected to slow the speed of the countryвЂ™s overheating property market. Over the twelve months to the September 2021 quarter, the Consumer Price Index rose 3 per cent, ABS said, with the most significant price rises coming off new dwelling purchase by owner-occupiers (+3.3 per cent) and automotive fuel (+7.1 per cent). Mick Fanning lands multimillion payday off property package deal

MORE: QldвЂ™s very own SchittвЂ™s Creek for sale, a 140-yr-old tourist hub New data has forced Reserve Bank of AustraliaвЂ™s hand, triggering expectations of an interest rate rise as soon as next year вЂ“ two years ahead of RBAвЂ™s plan вЂ“ as international borders reopen.ДЄ rise in inflation figures released by the Australian Bureau of Statistics this week was expected to force an RBA rethink, with experts expecting the central bank to taper off on its uber-stewardship during Covid-19, and open up to the idea of rate rises much earlier than the 2024 date it has been touting. The Reserve Bank is under pressure to raise interest rates as soon as 2022.

Victoria 2 economy guide