Since the time that recession dim the globe, panic took place. Especially to those who are in business. They are in great fear of finding their businesses in bankrupt. Recession is like a virus that is hard to restrain and the spread is contagious. But the Australia government says, there is no need to panic, there is no increase on rates.
While job employment decreases throughout Australia. People still find the country as a good place for business. With good financial services and protection, Australia is still a venue for investors and small time businessmen. Australian migration is still a very good step to take. Economists and analysts are doing necessary steps to make their economy stay firm.
“The talk about rate hikes was insubstantial and will remain unchanged until next year”. This was the statement collated from Australian economists by The Sunday Telegraph. Backed up by well studied economic data, the news insists that financial markets are pricing in two quarter-point hikes in 2010.
However, most economist who participated in this survey said that it is wrong to price in two rate hikes early next year. They also added that there would be no change until the latter part of 2010 or we will get a further cut in the cash rate later this year as unemployment stats keep on increasing.
Rory Robertson, a Macquarie Bank rate strategist said that this freeze on the interest rate was caused by the deteriorating unemployment rate. “Having a demand for job might mean increase on rates. But since analysts' forecasts says that unemployment will continue on the coming months, the agenda on the rate hikes is still off.” he added.
Bad news on the employment is a good news on the interest rates.
ANZ economists once predicted that there will be rate cuts late this year but scratched it and announced that there will be no more increase until November next year.
“But definitely, the next move will be up.” says Saul Eslake, the ANZ Chief Economist prior to his statement saying they got over the whole 2005 without a change on rates.
With this news, Australia can still endure more and more investments while assuring no bankruptcy. Business starters, small or big, are sure that their capital won't just be melted by the recession.
Anyways, Australia migration increases despite unemployment landslide. This proves that Australia can still bear the challenge of recession. The government has been making extra efforts to protect the investors and heighten up the business investment rates.
While job employment decreases throughout Australia. People still find the country as a good place for business. With good financial services and protection, Australia is still a venue for investors and small time businessmen. Australian migration is still a very good step to take. Economists and analysts are doing necessary steps to make their economy stay firm.
“The talk about rate hikes was insubstantial and will remain unchanged until next year”. This was the statement collated from Australian economists by The Sunday Telegraph. Backed up by well studied economic data, the news insists that financial markets are pricing in two quarter-point hikes in 2010.
However, most economist who participated in this survey said that it is wrong to price in two rate hikes early next year. They also added that there would be no change until the latter part of 2010 or we will get a further cut in the cash rate later this year as unemployment stats keep on increasing.
Rory Robertson, a Macquarie Bank rate strategist said that this freeze on the interest rate was caused by the deteriorating unemployment rate. “Having a demand for job might mean increase on rates. But since analysts' forecasts says that unemployment will continue on the coming months, the agenda on the rate hikes is still off.” he added.
Bad news on the employment is a good news on the interest rates.
ANZ economists once predicted that there will be rate cuts late this year but scratched it and announced that there will be no more increase until November next year.
“But definitely, the next move will be up.” says Saul Eslake, the ANZ Chief Economist prior to his statement saying they got over the whole 2005 without a change on rates.
With this news, Australia can still endure more and more investments while assuring no bankruptcy. Business starters, small or big, are sure that their capital won't just be melted by the recession.
Anyways, Australia migration increases despite unemployment landslide. This proves that Australia can still bear the challenge of recession. The government has been making extra efforts to protect the investors and heighten up the business investment rates.
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