Rabobank Term Deposit
Markets have been in the grips of reflation, although the rise in market-based inflation expectations is not being echoed so far by households. Cost-push inflation is likely to be transient and it could even turn into disinflation. Thus, economists at Rabobank believe the European Central Bank (ECB) will ultimately look through this temporary volatility in inflation. After having been wrong on inflation for most part of the recent decade, the ECB cannot afford to make any policy mistakes.
Rabobank's long-term deposit and senior debt ratings of Aa3, with a stable outlook, reflect (1) the bank's Baseline Credit Assessment (BCA) of a3, (2) two notches of uplift from our Advanced Loss Given Failure (LGF) analysis, and (3) one notch of uplift resulting from a moderate probability of government support. Rabobank term deposits For long term saving plans, check out the range of term deposits available from Rabobank presented here. To see how they weigh up against term deposits from fellow providers, use our term deposit comparison tool. Rabobank offers the following term deposits. Rabobank does not currently offer a compounding interest option for Term Deposits. The interest rates listed here are for deposits up to $5 million. For rates on deposits over $5 million please call us on 0800 22 44 33. The Rabobank Term Deposit is a great choice for savers with a minimum balance of $1,000 ready to store away and who won’t be tempted to withdraw it early. Interest rate only available on term deposits under AUD$2,000,000. 31 day notice period applies to term deposits. Deposit accounts with Citibank with balances of up to and including A$250,000 in total for each account holders are guaranteed by the Federal Government without charge.
Rabobank Term Deposit Rates Nz
Key quotes
“Core inflation is projected to be stable in the coming months, but to tick higher again around the middle of 2021 due to base effects. However, as we enter 2022, underlying forces should also lead core inflation back below the 1% threshold. It is towards the end of 2022 that we may see a slow and very gradual recovery in underlying inflationary pressures. But it will not be before the end of 2023 that inflation has returned to levels which the ECB may see as broadly in line with its inflation target.”
“We believe that two key prerequisites for these inflationary pressures to become more sustained in the medium-term are still missing: a sustained rise in domestic wage pressures and continued budgetary stimulus.”
“The rise in headline inflation over the course of this year may be taken by ECB hawks as a sign that inflation risks are on the rise, but for now we believe the ECB will ultimately look through this temporary volatility in inflation. After having been wrong (i.e. over-estimating) on inflation for most part of the recent decade, the ECB cannot afford to make any policy mistakes.”
“The cost-push nature and with much of this likely to be priced in already, this year’s inflation development – on its own- should not necessarily push long-term rate expectations higher.”