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| Nation waits on rates cut MORE than a third of Australians buying their own houses wait in hope the Reserve Bank will cut interest rates tomorrow. Reserve Bank might not raise lending rates The first signs have emerged indicating that the Reserve Bank may not raise lending rates again the current cycle. The central bank says that private sector credit demand growth eased to 19.81% year-on-year in July, pointing to consumers slowly cutting back on debt as high interest rates bite. Investors refocus on RBA and rates WITH the corporate profit reporting season having ended, investors' attention will be squarely focused on the Reserve Bank of Australia for an expected interest rate cut this week. Banks will have to cut rates - Swan AUSTRALIAN banks will have no excuse not to follow Wizard Home Loans' lead and cut their interest rates if conditions continue, Treasurer Wayne Swan says. Inflation next, says Fed official James Bullard thinks its nearly time for the Federal Reserve to shift gears on interest rates -- and he's in a position to influence that decision. Home loan rates cut - at last NON-bank lender Wizard Home Loans has cut its mortgage rate by 0.25 per cent, and says competition for customers is back. Borrowers could miss rate cut TWO of the big banks refuse to guarantee relief for borrowers even if the Reserve Bank cuts interest rates tomorrow. Jobs and firms hang on rate cut TUESDAY is D-Day for Queensland businesses and workers, with billions of dollars of investment and the security of tens of thousands of jobs riding on the Reserve Bank of Australia's decision whether to cut interest rates. Home loan rates cut - at last NON-bank lender Wizard Home Loans has cut its mortgage rate by 0.25 per cent, and says competition for customers is back. Why haven't mortgage rates declined? The Federal Reserve began to slash short-term interest rates almost a year ago. Yet we have higher mortgage rates now than we had then. What gives? |


