| Sports Betting Online |
RBA worried about business credit
3 February 2010 |
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| The RBA’s latest financial aggregates, published last week, show that business credit aggregates have been declining, on a monthly basis, since February last year. The December figure is down seven per cent, year on year.The Australian Bureau of Statistics’ most recent lending finance data show new commercial finance commitments (in trend terms) falling steadily throughout 2009 – from $29.6 billion in January to $27.2 billion in November. The theme of some recent commentary is that this trend will continue.On Monday the Council of Small Business of Australia released the findings of a survey that found higher interest rates was the top business concern. The latest Dun & Bradstreet business expectations survey, published last month, found that 70 per cent of business expects to maintain current debt levels, 19 per cent expects to reduce debt and only seven per cent expects to take on more debt.Thirty-one per cent of respondents to the D&B survey said they expected credit market conditions to have a detrimental impact on their businesses. That number is less than in previous surveys but it is still almost a third of businesses.East & Partners reported in December that big business also has a reduced appetite for debt. East & Partners’ survey of the top 500 companies found that fewer than a third planned to look for more debt in the first half of 2010. While there are some mixed signals, it appears that business credit growth will remain subdued for the first half of 2010 and maybe longer. |
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| Source : Banking Day |
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| 25 February 2010 | - Rate rise coming next week |
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| 24 February 2010 | - Only some saving accounts raise rates |
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| 23 February 2010 | - Affordable Melbourne gets less so |
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| 22 February 2010 | - Deposit rates higher than mortgage rates |
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| 19 February 2010 | - Economic good news means higher rates |
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| 18 February 2010 | - RBA in no rush to raise rates again |
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| 17 February 2010 | - Profitable banks say rates may have to rise |
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| 16 February 2010 | - Remit money to a Visa card |
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| 15 February 2010 | - Rate rises hurting Aussies |
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| 12 February 2010 | - RBA may wait and see on rates |
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| 11 February 2010 | - Even shareholders say banks are greedy |
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| 10 February 2010 | - Rate rises good for Australia |
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| 09 February 2010 | - Banks will defy Swan and raise rates |
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| 08 February 2010 | - Save thousands by moving away from banks |
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| 05 February 2010 | - RBA says more rate rises coming |
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| 04 February 2010 | - New lenders undercut big banks |
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| 03 February 2010 | - Stevens says wait and see on rates |
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| 02 February 2010 | - ING pays fees back to account holder |
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| 01 February 2010 | - Banks say they will limit rate rises |
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