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Interest Rates Held


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  • 2 weeks later...

I honestly don’t know if it’s a good thing with interest rates being held. From what I understood, the interest rate is based on economic growth. If they see better economy then rates go higher in deposits to attract investors.

 

But if it’s about the loan rates going up, there is a risk of delinquencies or non-payment.

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  • 2 weeks later...
Guest xmas lights

Interesting last third coming up as regards Oz rates. I really don't think the U.S will raise theirs so it's all down to what happens with iron ore. If it falls into 40s and 30s as predicted by Goldman then I suspect Aus rate will be lowered. personally would love to see the exchange rate to climb over $2.25 by the end of the year.

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