Enat Bank’s Post

The Reserve Bank is set to make an announcement regarding the Official Cash Rate (OCR) this week. It is expected that the rate will stay the same, but there is optimism that they will give some indication of when they predict a decrease in the OCR rate. There is much discussion about the best course of action to take; whether to opt for a longer fixed rate for stability or to fix for a shorter period to benefit from potential rate drops. The most advisable step is to discuss your circumstances and seek expert guidance on the most suitable for you. Send me a message or give me a call to book in a time to discuss. #SharnfromSHARE

The big four banks predicted the RBA will reduce the cash rate by 25 basis points at its February meeting, bringing the rate to 4.10%. What brokers should expect is in our recent article, link below 🔗 https://lnkd.in/gknZfK42 #BrokersSupportingBrokers #VisionAggregation #MortgageBrokersAUS #WorkerSmarter

Macquarie reducing 2 year and 3rd PI OO rates with LVR less then 70 to 5.55% pa. Are we really going to see a rate cut.

Five year fixed rate of 3.99% here is a link to compare with bank rates and get pre-approved to lock in this low rate https://lnkd.in/g_aNaabU

Policy interest rate The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year. https://lnkd.in/gqN8-4bN

Policy interest rate The Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates each year. https://lnkd.in/gqN8-4bN

Bank deposit rate falls 44bps in Aug The return on bank deposits has decreased by 44 basis points to 10.65% in August 2024 compared to the deposit rate of 11.09% last month. However, the real deposit rate, after adjusting for inflation, stood at -9.70%, an increase of 111bps compared to last month and 884bps compared to SPLY. Despite the increase, depositors are still losing money after adjusting for one of Asia's highest inflation. Read https://lnkd.in/deqa5_FH

On 1 August 2024, the Bank of England’s (BoE) rate-setting committee narrowly voted to cut interest rates by 0.25% to 5% – the first such cut in more than four years. Rates may fall again by the end of 2024, with a potential for further reductions throughout 2025. Here’s what the recent cut – and further possible reductions in the base rate – could mean for you and your finances. https://lnkd.in/eRunYxvF

https://lnkd.in/g-YfFrJU #SBP #KIBOR #ADR #PolicyRate #Tbills #PIBs #INFLATION #LIQUIDITY #PKR #IMF # There has been a lot of discussion among analysts and news media about the amount of liquidity in the market and with the banks since last week. After the bank financing rates fell to a level below the 3-month KIBOR rate, this discussion gained momentum.

In the last release, the Teranet-National Bank Composite HPI reported house prices on the rise in May 2024. Subscribe to receive the next release: https://bit.ly/2TxA4Ov #HousePriceIndex #CanadianRealEstate