CommSec’s Craig James’ view on latest interest rates & more
Craig James, CommSec Chief Economist, shares his view on the latest Reserve Bank Board meeting.
Some points include:
- the Reserve Bank has made a strategic decision and is conserving its ammunition. Rates may be cut again if the economy needs a bit more help
- savers should have got the message by now – low interest rates are here to stay – at least for the next year, and possibly longer, and
- the fundamental factor holding back the Australian economy is confidence.
To read Craig’s report, click here.
The Money Edge | Bundaberg