Tractor & Machinery Association/News

RESERVE BANK INTEREST RATES

Wednesday, 13 January 2010

The Reserve Bank lifted interest rates to 3.75 per cent in December 2009.

A move by major banks to lift their interest rates higher than the central bank's rises may mean official rates are left on hold in early 2010, Commonwealth Bank of Australia (CBA) chief executive Ralph Norris says.

The TMA Annual Industry Forum & Review
20-Apr-10
Here's an important note for your Diary ....

Food Mining - Where's Our Chinese Buyers
12-Apr-10
The wheat price is hovering over the farm machinery business like volcanic ash over Northern Europe – it’s there but not going anywhere quickly. A wise tillage manufacturer once told me “son, don’t look to the weather for your prosperity – check out the wheat price. Machinery sales will ebb and flow on commodity prices!”

Ag Machinery Not Digging Deep for Finance
04-Apr-10
There has been much in the press and industry news of late about the difficulty of accessing finance for capital purchases – particularly in the earthmoving and mining sectors. Fortunately, the agricultural machinery sector has managed to avoid the squeeze created by the GFC and financing for dealership sales and floorplan inventory continues to be well served by strong funders.

Reserve Bank Interest Rates
13-Jan-10
The Reserve Bank lifted interest rates to 3.75 per cent in December 2009.


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