Katrina Parrington

Mortgage & Finance Broker, Elders Home Loans – Northern Territory – P. 1300 LENDING

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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

Posts Tagged ‘RBA’

Reserve Bank Cuts Cash Rate to Record Low!

Posted by Katrina Parrington on May 5, 2015

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of inimages[7]tense market speculation.

In what was probably a close decision, board members decided to reduce the official cash rate from 2.25 per cent to a new record-low setting of 2 per cent.

Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs, Elders Home Loans - Darwin, Elders Home Loans - Palmerston, Elders Home Loans Northern Terriotry, Interest Rates, Major Banks | Tagged: , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Reserve Bank Cuts Cash Rate to Record Low!

Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on July 3, 2012

At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Growth in the world economy picked up in the early months of 2012, having slowed in the second half of 2011. But more recent indicators continue to suggest weakening in Europe and a slower pace of growth in China. Conditions in other parts of Asia have recovered from the effects of last year’s natural disasters, but the ongoing trend is unclear and could be dampened by the effects of slower growth outside the region. The United States continues to grow at a modest pace. Commodity prices have declined, which is helping to reduce inflation and providing scope for some countries to ease macroeconomic policies. Australia’s terms of trade have peaked, though they remain historically high.

Financial markets have initially responded positively to signs of further progress towards longer-term sustainability in European financial affairs, but Europe will remain a potential source of adverse shocks for some time. While capital markets remain open to corporations and well-rated banks, low appetite for risk has seen long-term interest rates faced by highly rated sovereigns, including Australia, decline to exceptionally low levels. Share markets have remained volatile.

In Australia, recent data suggest that the economy continued to grow in the first part of 2012, at a pace somewhat stronger than had been earlier indicated. Labour market conditions also firmed a little, notwithstanding job shedding in some industries; the rate of unemployment remains low.

There have been no changes to the Bank’s outlook for inflation. Over the coming one to two years, and abstracting from the effects of the carbon price, inflation is expected to be consistent with the target. Maintaining low inflation over the longer term will, however, require growth in domestic costs to slow as the effects of the earlier exchange rate appreciation wane.

Interest rates for borrowers have declined, to be a little below their medium-term averages. Business credit has increased more strongly in recent months, though credit growth remains modest overall. The housing market remains subdued. The exchange rate has been volatile recently, but overall remains high.

As a result of the sequence of earlier decisions, there has been a material easing in monetary policy over the past six months. At today’s meeting, the Board judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate.

Posted in Elders Home Loans - Alice Springs, Interest Rates | Tagged: , , , , , , , , , | Comments Off on Statement by Glenn Stevens, Governor: Monetary Policy Decision

Aussies want government gone

Posted by Katrina Parrington on May 23, 2012

Wary Aussie consumers want tax cuts and a change in government before they’re willing to reopen their wallets.
A new poll has found that respondents believe that a cut in taxes, followed by a change in government, would most improve consumer confidence in Australia. Forty per cent of those surveyed said tax cuts would boost confidence, while 35% said ditching the current government would make consumers less glum.
Gen Y respondents were more scathing of the government, tipping a change in government as the top factor that could get consumers spending again.
The RBA was partially let off the hook, with respondents tipping further interest rate cuts as the third-most important factor impacting consumer confidence. Twenty-one per cent of those surveyed said further RBA cuts could increase confidence. Meanwhile, only 4% tipped a lower Australian Dollar as a key to reviving optimism among Aussie buyers.

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Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on April 3, 2012

At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent. Read the rest of this entry »

Posted in Elders Home Loans - Alice Springs | Tagged: , , , , , , , | 1 Comment »

Solomon Lew calls for rate cut

Posted by Katrina Parrington on March 23, 2012

FORMER Reserve Bank of Australia (RBA) board member Solomon Lew has called for a hefty official interest rate cut and accused the central bank of being out of touch.
Mr Lew says the RBA needs to provide further interest rate relief to stimulate confidence in the national economy.
“I really believe that the Reserve Bank has mishandled the mining boom to the great detriment of the non-mining sector, and in particular retail which is one of the key drivers of economic activity,” Mr Lew said today.
The chairman of Premier Investments was speaking to reporters during the retail group’s first half results presentation.
The cash rate has stood at 4.25 per cent since December 7, 2011, when the central bank board delivered a 25-basis-point cut.
Mr Lew, who was an RBA board member between August 1992 and August 1997, said the central bank should cut the cash rate by 50 or 75 basis points at its April meeting.
“We do need an interest rate cut immediately,” Mr Lew said.
“I think the Australian economy is in trouble.”
Mr Lew said he believed the current RBA board was not in touch with the market and did not understand the true state of the economy at the moment.
He said the central bank board had at least two retailers and one landlord during his time with the RBA.
“At least there was some anecdotal information and they could tell month-by-month what was happening in the marketplace,” Mr Lew said.
“I’m not sure whether they have that market knowledge today.”
Mr Lew said there was a huge danger of job losses, with no new jobs being created across Australia’s eastern seaboard.
“It is completely frozen,” Mr Lew said.
“The only jobs that are being created are over in the west, basically, and that’s in the mining sector.
“I don’t see any growth in any other sector at this point in time and I see rising costs.
“The unions have a responsibility to keep a lid on costs, otherwise they are going to lose a lot of jobs.”

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Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on March 6, 2012

At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent.

Recent information is consistent with the expectation that the world economy will grow at a below-trend pace this year, but does not suggest that a deep downturn is occurring. Several European countries will record very weak outcomes, but the US economy is continuing a moderate expansion. Growth in China has moderated as was intended, but on most indicators remains quite robust overall. Read the rest of this entry »

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RBA to investigate funding costs

Posted by Katrina Parrington on February 28, 2012

In a bid to determine whether or not it was appropriate for Australia’s lenders to move their rates independently of the cash rate, the Reserve Bank of Australia has launched an investigation into the true cost of funds.

Earlier this month, all four of Australia’s majors moved their rates independently of the Reserve Bank, blaming “higher funding costs”. Read the rest of this entry »

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Rates on hold

Posted by Katrina Parrington on February 7, 2012

The current mildly restrictive stance of monetary policy remains “appropriate”, the Reserve Bank has claimed.

At its monthly board meeting today, the Reserve Bank decided it was prudent to leave the cash rate on hold at 4.25 per cent after dropping the cash rate twice in two months at the end of last year. Read the rest of this entry »

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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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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. Read the rest of this entry »

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