Sell with Confidence
Read More
News

Interest Rates On Hold

By Ray White Whitsunday

Globally we are continuing to see rates on hold however there remain concerns around inflation remaining sticky. In the US, the Federal Reserve left interest rates on hold this month after inflation increased slightly but did warn that it would keep increasing if need be. Nevertheless, markets are expecting cuts to start towards the end of next year.

Surprisingly, UK inflation is coming down, despite stubbornly rising power prices. The Bank of England maintained rates, ending a run of 14 consecutive rate rises even though inflation remains a lot higher than other countries.

There are some exceptions where rate rises will continue at a rapid rate. Turkey’s inflation rate is now at 59 per cent with interest rates at 25 per cent after a failed attempt to solve inflation problems by cutting rates last year when inflation was rising rapidly. Argentina’s inflation is at 124 per cent and interest rates are at 118 per cent after the government resorted to printing money to try to provide economic support.

Up to Date

Latest News

  • Flight to affordability as mortgage fatigue sets in

    Nerida Conisbee Ray White Group Chief Economist The Australian housing market is experiencing a notable shift, with affordability driving unexpected trends across different property types. Affordable house price growth is now outpacing the luxury market. While the opposite is now occurring for apartments. The traditional outperformance of luxury homes in … Read more

    Read Full Post

  • Auction data showing signs of a slowing market but there is exception

    Nerida Conisbee Ray White Group Chief Economist Nationally, auction numbers are up, the number of people actively bidding is falling and this is causing a fall in clearance rates. All of this adds up to a slowing market, and price moderation or even falls. However, this does ignore that there continues … Read more

    Read Full Post