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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Pundits predict further RBA cash rate cuts

Posted by Katrina Parrington on January 17, 2012

The Reserve Bank is likely to slash the cash rate back to 4% in February as a result of benign inflation figures heading into 2012.

TD Securities head of Asia Pacific research, Annette Beacher, said that ‘contained’ inflation in the final months of 2011 and the global market would force a cash rate reduction.

“Inflation tumbled over the course of 2011, paving the way for the RBA to shift monetary policy back to a neutral setting in the final months,” Beacher said.

“As we anticipate many more months of global financial market ructions due to the unravelling European debt crisis, as well as underlying inflation dipping beneath the bottom of the RBA’s target band, we expect a 25 basis point reduction in the cash rate to 4 per cent at the 7 February RBA Board meeting.”

Beacher said should the board choose to hold the cash rate steady in February, the rate would still move some time by mid year to 3.5%.

The TD Securities- Melbourne Institute Inflation Gauge rose 0.5% in December, following a 0.1% rise in November, a total rise of 2.4% in the twelve months to December.

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