Cash Rate To Stay Where It Is
In an article for the website Property Update, Michael Yardney says that the cash rate is going to stay where it is for sometime but an ascension in rates is on the cards next year and this will be followed by a downward cycle, perhaps as soon as 2017.
The experts are divided in their opinion; some of them are convinced that a rate hike is due in the first quarter of 2015 while there are others who think it will stay sessile for another couple of years.
The position of the Australian dollar and unemployment levels do not create much ground for a rate hike just as yet but such conditions which warrant a rate rise will present themselves shortly, feel many experts.
You can read the original article here.