The Reserve Bank’s ability to influence the direction of interest rates has been reduced by another sharp rise in money market interest rates for no apparent reason, writes Glenn Dyer.
Market interest rates
Goldman Sachs JBWere predicts no local rate rise in 2008
Investment bank Goldman Sachs JBWere has made a big call, predicting there won’t be a rate rise in Australia next year, writes Glenn Dyer.
Short term credit rate still refuse to be tamed
Our short term credit freeze is refusing to thaw and the Reserve Bank is finding it much harder to cut short term money market interest rates than it thought.
Macquarie Bank confirms its fragility, pushes up rates
Macquarie Bank has confirmed its fragility and lack of financial strength by lifting interest rates on nearly $8 billion worth of low doc home mortgages. Glenn Dyer reports.
