Interest Rates Not to Rise Until Late 2015

interest rateContrary to the industry predictions that interest rates could look northward by September, the National Australia Bank (NAB) suggests that rates are not likely to move until 2015’s last quarter. John Batsick reports for an article on the website The Adviser.

Australian property market may not catalyse the upward movement of interest rates, believes NAB. The momentum will definitely come but in the last minutes of 2015 and it will be due to the repercussions emanating from the US federal reserve.

A flurry of foreign investments might also be among the pleasant impacts of the Federal Budget.

You can read the original article here.

What is your prediction on the interest rates?