Pressure Growing For Interest Rate Cuts

The economy has taken another hit as the Australian dollar dips below US83¢, mounting pressure on the Reserve Bank to consider dropping the interest rates below 2.5%.

Economists have been pushing for monetary easing after GDP figures showed a soft economy as income growth has grown by a snail’s pace. The economy has expanded by a measly 0.3% for the third quarter – below the standard of 0.7%, taking the annual growth rate to a disappointing 2.7%.

Read more about this on the Zee News website.

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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