Low Interest Rates Here to Stay

After last weeks Reserve Bank announcement that the cash rate was reducing by a further 0.25%, economists are predicting a further 0.25% over the course of the next 3-6 months. Low rates are being fuelled by slow global growth, low inflation rates, low commodity prices, and to keep the Aussie Dollar at competitive low levels. Until China and the US lead the way with higher growth low rates are here to stay.