Rates should remain on hold for more than a year, NAB has predicted. Following lower-than-expected inflation figures, the bank has revised its interest rate forecast. Originally calling for a Reserve Bank hike in May, NAB has now predicted any rise would be pushed back until November 2012. Read the rest of this entry »
Posts Tagged ‘NAB’
No rate moves for more than a year: NAB
Posted by Katrina Parrington on September 16, 2011
Posted in Elders Home Loans - Alice Springs | Tagged: Elders Home Loans - Alice Springs, Home Loans, Interest Rates, Investment Loans, Katrina Parrington, Major Banks, NAB | Comments Off on No rate moves for more than a year: NAB
Westpac profits up while NAB’s fall
Posted by Katrina Parrington on May 7, 2010
National Australia bank’s first half net profit plummeted more than 21% to just over $2bn, while Westpac recorded a 32% rise in first half profits to a record of almost $3bn, guess Gail Kelly will get her bonus.
Posted in Elders Home Loans - Alice Springs | Tagged: ANZ, Elders Home Loans - Alice Springs, Katrina Parrington, NAB, profit, Westpac | Comments Off on Westpac profits up while NAB’s fall
NAB makes interest rate commitment
Posted by Katrina Parrington on April 6, 2010
“This is integral to our long-term business strategy, which is unashamedly competitive and commercial,” said NAB executive Lisa Gray.
Unlike NAB, the other three majors had refused to rule out any additional rate hikes.
“NAB’s approach will certainly look appealing to customers of any other bank that tries to take families for a ride,” said federal treasurer Wayne Swan.
While economists are split on whether the RBA will move today, Swan appeared to be softening mortgage holders up for a blow: “I think most families understand rates are currently at 1970s levels and can’t stay there forever,” he said.
Posted in Elders Home Loans - Alice Springs | Tagged: Cash Rate, Elders Home Loans - Alice Springs, Interest Rates, Major Banks, Monetary Policy, NAB, RBA | Comments Off on NAB makes interest rate commitment