Weekend Australian Financial Review contains an article on this that seems to make a lot of sense. "The Reserve Bank of Australia is unlikely to waste much time lifting interest rates from their current emergency levels and driving them up towards 5 per cent."
It says this 4% level could be reached "in the next twelve months", and that this level is broadly seen as neutral.
A bit more alarmingly for real estate investors is a later comment in the article that the RB governor Mr Stevens "might try to talk up interest rates as a way to head off the possibility of any property bubble developing".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment