Australian interest rate outlook – more rate cuts
Capital Economics, a research group, which was among the first to predict the RBA would slash interest rates to 1.5 per cent by August 2016. Capital Economics now say the RBA will need to cut harder, to 1 per cent, by November 2017. The Reserve Bank of Australia’s current official cash rate is 1.75 per cent. Retail variable mortgage rates start from under four per cent.
Source: Adelaide Advertiser