Press Release: 26/11/2009
AUSSIE HOME LOANS CALLS FOR RESERVE BANK TO HOLD RATES
Australia’s leading mortgage broker and non-bank lender, Aussie Home Loans, today
called for the
Reserve Bank to hold official interest rates at its meeting next Tuesday (December 1, 2009).
Executive Chairman of Aussie, Mr John Symond said, “While our economy in 2010 should show further
improvement, credit is still in very short supply to both business owners and home buyers, posing a risk
to employment.
“We are heading into the crucial Christmas retail season and a rate hike will hurt sales and create further
concerns for households. The economy is recovering but is susceptible to any economic shocks, which
continue to be felt overseas”, he added.
“The Reserve Bank needs to be very cautious in lifting rates prematurely, having regard to the ongoing
uncertainty and widespread economic problems still being experienced around the world”, concluded Mr
Symond.
For Further Information Call:
John Symond
Tim Allerton
Aussie
City PR
(02) 829 0702
(02) 9267 4511.
NEWS 
