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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Inflation on Track

Posted by Katrina Parrington on February 4, 2011

The Reserve Bank said that underlying inflation will remain within its target band in 2011, despite recent natural disasters.

In its Statement on Monetary Policy released today, the RBA said that the medium-term outlook for underlying inflation was largely unchanged, and is expected to be measured around 2.5% later in 2011, before picking up gradually to 3% by late 2012.

The RBA said the near-term forecast for year-ended underlying inflation had been revised down a little since November.

“In terms of headline inflation, the floods are expected to add around a quarter percentage point to CPI inflation in the March quarter – mainly through higher fruit and vegetable prices – with much of this being reversed in the following quarter,” the Statement read.

However, the RBA said it would not react to the short-term effects of natural disasters.

“The focus of monetary policy will remain on the medium-term prospects for economic activity and inflation. At its recent meeting, the Board judged that in view of the general macroeconomic outlook, the current setting of monetary policy remained appropriate.

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