Wednesday, September 3, 2008

Aust rate cut a relief for homebuyers

Posted by luxuryasiahome on September 2, 2008


A cut in Australia’s benchmark interest rate is a relief for homebuyers, Prime Minister Kevin Rudd said on Tuesday, but was only a beginning. ‘This interest rate decision is welcome, but it is not a day for celebration.
Interest rates took a long time to rise, they will take a long time, a long time to come back down, and the road will be a very uneven one,’ Mr Rudd told Australia’s Parliament on Tuesday.
The Reserve Bank of Australia cut its benchmark cash rate by 25 basis points to 7.0 per cent on Tuesday, the first fall in Australian interest rates since December 2001.
Source : Business Times - 2 Sep 2008

澳洲央行周二宣佈調降現金利率1碼至7%,為7年來首 次,希望避免經濟硬著陸,但暗示對未來降息會持審 慎態度。央行總裁Glenn Stevens表示,央行理事會 將持續評估未來需求和通貨膨脹的情況,並制定貨幣 政策,將通膨壓回2-3%的目標。受此影響,澳元匯價 跌至83.4美分,為12個月最低。經濟學家預測,澳洲 央行未來1年會持續降息,以提振低迷的房地產需求 及停滯的信用成長

澳洲第2季因家庭支出出現1993年以來首度萎縮,國 民生產毛額(GDP)僅較第1季成長0.3%,為2004年底以 來最低。與去年同期相較,第2季經濟成長2.7%,也 是2006年底以來最差。8月家庭支出減少0.1%,印證 了澳洲央行周二降息的正當性,並且提高了進一步降 息的可能性。

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