• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Business Report
    • 20 Top Research Organisations
    • Tobacco Laws
  • Takeovers & Mergers
  • Doing Business
    • Start-up
    • Tax Review
  • Video
  • Biz Directory
    • Free Directory Listing
    • Links
  • Guest Post
  • Contact
    • About

Australian Business News and Times

Business News ,Reports and Times of Australia

  • 2011
    • 2010
  • Business
    • Small Business
  • Mining
  • Real Estate
  • Australia
    • Australian
    • ASX
  • Finance
    • Report
  • Offers
  • Times
You are here: Home / 2012 / POLITICS OF A RATE CUT

POLITICS OF A RATE CUT

February 7, 2012 by Reporter Leave a Comment

Damned if you do , Damned if you don’t, pardon my English but that seems to be the situation  with rate cuts , RBA and banks.

RBA today kept the cash rate on hold with no changes  to stay at 4.25 per cent

rate cuts media  banks and RBA Australia

The politics of rate cuts ,Banks and Media bashing

The situation is getting out of hand  come every  time when the RBA has to make a announcement  for  rates to increase or decrease. ITs become a big media  circus  come every rate announcement by the RBA , Banks get thrashed  even before a rate announcement is made  and held guilty , analysts and economists have a hey day  predicting what they think will happen , and the media  adds to the frenzy  by amplifying all the news with wicked twists  to their benefit having a go at banks, Lenders  and raising a ruckus giving banks much negative publicity .

Luckily punters took a sigh of relief this time, as they was no  rate increase.. but nor did people get a discount as well.  The RBA did not heed any  economists prediction or media hearsay and chose to do what  they though was right  and let the rates stay the same

told you so wayne swan rba rates on hold feb 07 2012

RATE Stays Put while banks stay neutral

The rates staying the same has put the banks in a bit of a predicament, while  they raised the gauntlet last time (ANZ)  saying they  will wait  a bit before they decide how they react to the  rate announcement . RBA by  not changing the rates have not given them an excuse  anyway. Its is going to be a tricky situation for the banks , because the  first bank to pass on a decrease always sticks in the mind of the consumer as a good bank.

The waiting game if  pursued by the banks could be the difference between good PR and Bad PR for the Bank. .  So we will wait for the next rate announcement . Until  then good luck for the next rates announcement  by the RBA.

Predictions by media

February 07 –

Reserve Bank is tipped to cut the official cash rate to 4 per cent today _ Herald sun

Reserve Bank board meets this morning in Sydney to consider whether to cut the official cash rate a further 0.25 points to 4 per cent- theage.com.au

The Reserve Bank of Australia is tipped to cut the official cash rate to 4 per cent at 2pm today.- http://www.theaustralian.com.au

Punters believe Reserve Bank will cut, but banks won’t pass on in full – www.news.com.au/my

Article by sheldon singh

Filed Under: 2012, Banks, Rate cuts, Rates Tagged With: BANKS, Glen stevens, Rate cut, RBA, Wayne Swan

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Search

Like us on Facebook

Our Twitter Feed

Tweets by @AusBizChannel
Protected by Copyscape Website Copyright Protection

Counter

Footer

Featured Page

research in australia

20 Top Research Organisations

We are compiling a list of top 20 and more research organisations  which are in the government as … Read more about 20 Top Research Organisations

acquistion

Takeovers & Mergers

List and updates Of the latest  Company Takeovers … Read More about Takeovers & Mergers

funding from govt 2017

Australian Business Grants

Establishing a business anywhere in Australia … Read More about Australian Business Grants

listing directory australia

Australian Business Directory

If you are looking for a Free or paid listing on a … Read More about Australian Business Directory

About

About - Australian Business Report and … Read More about About

Guest Post for us

Join Australian Business … Read More about Guest Post for us

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in