RBA Drops Rate, Hopes for Inflation

05.05.2016 • Investing

From The Daily Reckoning (AUS) – Less than a month ago, in the warm embrace from New York investment bankers, RBA Governor Glenn Stevens pretended to understand the pain of savers. Low interest rates would lead to disappointment for savers…‘retirement incomes are in danger of not being fulfilled,’ he said. But a few weeks later, Stevens and co. deemed the inflation rate too low. Their solution? Those low rates, that he acknowledged were causing savers angst, were dropped a notch, to a historic low of 1.75%.

-Read More at DailyReckoning.com.au (English) –

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