RBA DECISION DISAPPOINTING SAYS AUSSIE JOHN

Written on the 16 November 2010

RBA DECISION DISAPPOINTING SAYS AUSSIE JOHN

AUSSIE John Symond (pictured), the man who spruiked that he could ‘save us’ from the big banks, has expressed disappointment at the RBA’s decision to lift the cash rate to 4.75 today.

“The Reserve Bank’s decision to lift the official cash rate 0.25 per cent to 4.75 per cent in my opinion is extremely disappointing and creates risks to the ongoing health of the Australian economy,” says Symon, the founder of Aussie Home Loans.

“I believe there is still much to be concerned about globally, with fears of a double-dip recession in the US and ongoing weakness in Europe. While the Australian economy is looking healthy, we still have to be mindful of what may come in the future.

“In all circumstances, however, it’s important for homeowners to be vigilant with their mortgages. Even though rates have gone up considerably since this time last year, it is still prudent to pay as much off your loan as possible. Even the cost of a cup of coffee a day can potentially cuts years off the life of the loan, and save thousands in interest payments.”



Latest News

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super R...

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company...

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of w...

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent res...

Related News

SUPER RETAIL GROUP SAYS GOODBYE TO AMART SPORTS BRAND

A BRAND synonymous with Australian sporting goods, Amart Sports, will be retired from 1 November 2017. Super R...

SUPREME COURT GRANTS LEAVE FOR CLASS ACTION AGAINST DICK SMITH

A CLASS action law suit against Dick Smith has been given the green light for shareholders impacted by the company...

NEXTDC SHARES SOLD OFF AS ONGOING SPAT WITH 360 CAPITAL CONTINUES

SHAREHOLDERS in data centre operator NextDC (ASX: NXT) have dumped their stock in the company as its ongoing war of w...

SURVEY SAYS COUNTEROFFERS MIGHT BE A WASTE OF MONEY

TO RETAIN the best and brightest employees it sometimes seems like a good idea to offer more money, but recent res...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter