Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 8932 8900

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  • Elders Home Loans

  • Katrina Parrington

    I am a long term Centralian resident with more than 18 years experience in the financial services industry. Initially, in Real Estate in Adelaide before pursuing a career with Elders Insurance Alice Springs and lending roles with major banking institutions where I gained extensive experience in Home Loans and Commercial Lending here in the Alice and in Darwin.

    I have a unique set of skills that ensures I understand your lending needs and can provide you with professional advice and personal service.

    Tel: 08 8953 8800
    email: katrina.parrington@eldershomeloans.com.au

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THE Reserve Bank left official interest rates on hold at 4.5%

Posted by Katrina Parrington on September 7, 2010

 The decision met the expectations of financial markets and the majority of economists, who had predicted that Australia’s central bank would remain on the sidelines.

 The RBA, one of few central bankers in the developed world to have raised rates during the recovery from the financial crisis, is expected to hike again before the end of the year.

 In an accompanying statement, RBA governor Glenn Stevens reiterated that the underlying inflation would be at the top end of the central bank’s 2-3 per cent target range through to mid 2011 and  that the current rates setting was “appropriate for the time being”.

 “The current setting of monetary policy is resulting in interest rates to borrowers around their average levels of the past decade,” Mr Stevens said.

 “With growth in the near term likely to be close to trend, inflation close to target and with the global outlook remaining somewhat uncertain, the Board judged this setting of monetary policy to be appropriate for the time being.”

 Economists believe inflationary pressures will begin to emerge as a problem for the Australian economy, especially as the nation exceeds growth expectations.

 In the June quarter, the economy grew by 1.2 per cent, the fastest quarterly pace in three years – the growth translated to 3.3 per cent for the year.

 The economy is also expected to show more signs of strength this Thursday, when the August unemployment rate is tipped to fall from 5.3 per cent to 5.2 per cent.

 The move down in the unemployment rate is forecast to be driven by almost 18,000 new jobs.

 The RBA last lifted interest rates in May, one week before the federal budget.

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