Posts tagged as: interest rates

Interest rates may reach 8-year low

Interest rates could drop to the lowest level for over eight years, according to Macquarie Group interest rate strategist Rory Robertson. He is forecasting that the Reserve Bank of Australia (RBA) would cut the official cash rate from 6% to 4.25% over the next 12 months. Due to the crisis in global financial markets, the [...]

Apr 1 2011 | Posted in Banking | Read More »

Are interest rate hikes imminent?

Higher interest rates could finally be on their way. Last week, Charles Plosser, president of the Federal Reserve Bank of Philadelphia, gave a speech outlining a plan for tightening and selling off some Federal Reserve assets. If Plosser’s straightforward plan comes to pass, the Philly Fed would gradually raise rates to 2.5%-3.5% over the next [...]

Mar 30 2011 | Posted in News | Read More »