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To finance,Australia's been warned not to be over-commit on the mortgage just because interest rate at record lows. Many economists1 believe the reserve bank will cut rates again before the end of the year.But Angie Zigmane from BIS Sharpnel says it's inevitable2 that the interest rates will go up eventually and that could leads to some home owners struggling to their repayment3.
In 2009, when interest rates were cut sharply after the GFC and first-time buyers intends to introduce, we saw a shoot-up in price we saw a lot more first-time buyers into the market. But as interest rates scaled up from a variable rate of 5.8% to 7.8 % over the next 8 months two years,we saw the strains have put on a lot of people in the housing market,stole them completely and actually make them backwards4.
To the markets now, Wall Street was boosted by the start of company-earning season. They are reporting those figures now and in London overnight, the FTSE was 63 points up at its close.
Looking at commodity prices, West Texas crude is trading 103 U.S dollar a barrel, Tapis is 113 U.S dollar a barrel and gold is trading at 1250 U.S dollar an ounce.
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1 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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2 inevitable | |
adj.不可避免的,必然发生的 | |
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3 repayment | |
n.偿还,偿还款;报酬 | |
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4 backwards | |
adv.往回地,向原处,倒,相反,前后倒置地 | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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