Interest Rates May Stay Low For Several Years: RBA

The Reserve Bank of Australia recently entertained the possibility of keeping the interest rates at low levels for the next “couple of years” to aid the weak economy, provided that house prices are kept in check.

RBA governor Glenn Stevens is softening their outlook for 2015 due to weak employment data and believes that it will take several years before inflation triggers a rate increase. He also dismisses the idea that the nation is headed to a “bubble”, noting that high prices especially in Sydney and Melbourne are kept at bay by the low currency and interest rate.

Read more about this on the Financial Review website.

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Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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