Where are interest rates heading?

Low inflation looks like it is here to stay for a long time so low interest rates are likely to also remain in place for the foreseeable future. Currently the Reserve Bank of Australia has official cash interest rates set at 1.75 per cent. Many economists are predicting at least one more rate cut this year. The lowest retail mortgage interest rates are now below 4 per cent.

Source: infochoice.com.au

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