RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

rba-logo-630x444We have had some positive reports coming out, unemployment has dipped lower, things are not starting to collapse. That said, most small business owners I speak to are still feeling tough times.

Has your business been feeling the pinch?

View the RBA release here.

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Lessons On Leadership

When I was reading this post, I reflected on times when I have beat myself up over my choice in action, or inaction. Thanks Ian for the great tips (www.causeandeffective.net).

B-Cause

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By Ian Sampson

I read a story this morning in Forbes magazine about a leader who failed to act when he saw a young woman abusing an older woman on a bus. What stopped him, when he knew he should or could have done something? He said it was self-preservation in the end that constrained him. But he concluded the article by beating himself up for not doing or saying something.

What are the lessons for leadership? I think there are three:

  1. Understand what our underlying models are. Mine is that we all act continuously out of either a domain of care/love or fear (“self-preservation”he called it). I always seek to act from the first domain, even in the face of my fears.
  2. When we don’t do this, don’t beat ourselves up; clean it up so that integrity can be restored. In this case a mere acknowledgement that he did…

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RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Recently, I have heard varying opinions on the state of our economy and potential recovery.

Some economists are pointing towards the likelihood that rates will trend higher by the end for the year. What does this mean for your plans?

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

This is again welcome news for any mortgagee, and less welcome news for my retiree clients with larger fixed income portfolios.

Most home owners are aware (and if you are not, then listen now), that mortgage rates are at epic lows. This has meant a few of my clients have started considering locking in rates. It is a tough call, and I recommend talking with your broker, and considering carefully what a fixed rate means for your cashflow, and what it costs you if rates stay below it for two or three years.

As always, welcome your comments below.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

The RBA noted the “below trend” growth for 2013, as have many small business owners I have been talking to over the past year.

They are hoping this low rate helps keep the growth prospects high. We are all looking forward to seeing that materialise.

I would welcome your comments below.

View the RBA release here.