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- Mar, 10 Australian Consumer Confidence May Fall on Rate Hikes, Says Westpac
- Mar, 09 Swiss CPI Fails to Impress
- Mar, 09 Overnight Interest Rate Update 03.09.10
- Mar, 08 China Weekly 03.08
- Mar, 08 Overnight Interest Rate Update 03.08.10
- Mar, 08 Japan's Current Account Surplus Tops Forecasts on Exports
- Mar, 05 U.S. Unemployment Rate Unchanged As Economy Losses 36K Jobs
- Mar, 05 German Factory Orders Advance More-Than-Expected, Euro Halts Two-Day Advance
- Mar, 05 Overnight Interest Rate Update 03.05.10
- Mar, 04 Overnight Interest Rate Update 03.04.10
- Mar, 04 AUSTRALIAN TRADE DEFICIT FALLS AS FUEL IMPORTS PLUMMET
- Mar, 03 Overnight Interest Rate Update 03.03.10
- Mar, 03 UK Consumer Confidence Rises, Impact on Growth Seen Limited
- Mar, 03 Australian GDP Gains as Expected But Markets Left Disappointed
- Mar, 02 BoC Remains On Hold But Loses Flexibility As Inflation and Growth Beat Forecasts
- Mar, 02 Overnight Interest Rate Update 03.02.10
- Mar, 02 Japan’s Jobless Rate Unexpectedly Falls, Overall Employment Still Lackluster
- Mar, 02 Australian Retail Sales Top Expectations, Still Below Trend Growth
- Mar, 01 China Weekly 03.01
- Mar, 01 Overnight Interest Rate Update 03.01.10
Australian Home Loans unexpectedly fell 7.9 percent in January, marking the largest decline in nearly a decade, after the central bank raised interest rates while the government reduced cash handouts to first-time homebuyers. Excluding refinancing of existing mortgages, loans fell by an even more pronounced 8.2 percent. The Value of Loans fell 5 percent, the most since April 2008. Reserve Bank of Australia Governor Glenn Stevens has previously acknowledged that “lenders have generally raised rates a little more than the [central bank’s benchmark borrowing costs] over recent months.” Grants for Australians purchasing their first home were reduced to their original amount of A$7,000 in January after being tripled to A$21,000 as part of the 2008 stimulus package.
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