Published: April 06, 2022
A 3% cash rate, let alone one next year, would likely destroy the economy and the housing market
On Tuesday, when the board of the Reserve Bank kept the cash rate at 0.1%, it marked the 137th month without a rate rise.
And yet the markets still anticipate a rise in the coming months, but soaring house prices mean it is very unlikely that rates will rise as high as the market currently expects.
Continue reading...from The Guardian https://ift.tt/Hwovzdc
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