RBA Cuts Cash Rate to Record Low

06.05.2016 • Politics and War

From The Gowdie Letter (AUS) – Holding money in the bank became that little bit more difficult on Tuesday with the RBA cutting the cash rate to a record low 1.75%. This was not unexpected…as I wrote in my book The End of Australia (page 92): ‘In the next two to three years, as the global economy weakens, Australian cash rates will continue to fall into the sub-2% range.’ When I wrote that observation in early 2015, it certainly wasn’t the mainstream view on the direction interest rates were heading. In October 2013, several financial ‘experts’ predicted rates to shift to 3.75%-4.25%.

-Learn More at PortPhillipPublishing.com.au (English)- 

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