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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No Melbourne Cup rate cut: St George

Posted by Katrina Parrington on October 24, 2011

While some economists speculate that the Reserve Bank of Australia could drop the official cash rate as early as next month one industry figure believes there will be no change in 2011.
Speaking to St George’s general manager, broker Clive Kirkpatrick said while the latest minutes suggest the RBA has begun to relax its stance on monetary policy, there will be no immediate change in the official cash rate.
“We are looking at no change at the November and December board meetings,” he said.
“I think the RBA will look to relax its stance on monetary policy in the first quarter of next year. Interestingly, the NSW TAB is offering $1.40 for no change and $2.60 for a 25 basis point drop.”
Mr Kirkpatrick’s stance on rates is supported by recent data surrounding unemployment.
Last week, new data from the Australian Bureau of Statistics found an additional 20,000 jobs were created in September – making a Melbourne Cup day interest rate cut very unlikely.
Jobs Minister Chris Evans said the strong bounce in jobs figures underlined the strength and resilience of the Australian economy in the face of global instability

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