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

Posts Tagged ‘Reserve Bank of Australia’

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 »

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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!

RBA Holds Cash Rate for April

Posted by Katrina Parrington on April 1, 2014

The Reserve Bank of Australia has announced the outcome of its monthly board meeting.interestratessavings2[1]

The central bank left the official cash rate on hold at 2.5 per cent as most experts had predicted.

However, it may not be long before interest rates start to rise.

Five economists from Commonwealth Bank, Commsec, HSBC, ING Direct and St George told finder.com.au that the cash rate would rise during the fourth quarter of 2014.

RP Data’s head of research, Tim Lawless, also said the Reserve Bank may have to lift rates in response to the latest housing market statistics.

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 RBA Holds Cash Rate for April

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.

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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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Statement by Glenn Stevens, Governor: Monetary Policy Decision

Posted by Katrina Parrington on October 4, 2011

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent. Read the rest of this entry »

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Should you cash in on slashed fixed rates?

Posted by Katrina Parrington on October 4, 2011

Fixed rate loans are currently available for up to half a percent below variable rates – or more – but does this mean banks are expecting a hefty cash rash cute? Read the rest of this entry »

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RBA ‘dashed’ hopes for rate cut: Westpac

Posted by Katrina Parrington on September 27, 2011

While global and domestic data highlight the need for a rate cut, the RBA does not seem swayed, Westpac has said.

Following a speech last week by RBA Deputy Governor Ric Battelino, Westpac chief economist Bill Evans has said hopes for a rate cut may have been “dashed” Read the rest of this entry »

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Domestic Economic Conditions – Monetary Policy Meeting of the Reserve Bank Board

Posted by Katrina Parrington on August 16, 2011

The main economic news over the past month had been the inflation data. In the June quarter, the CPI had increased by 0.9 per cent, to be 3.6 per cent higher over the year. Measures of underlying inflation were running at 2½–2¾ per cent over the year, which was higher than in 2010. Read the rest of this entry »

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