How Us Moves Hit Our Hip Pockets
How does all the mumbo-jumbo economic jargon around the US market affect Aussie hip pockets? Why are we so focused on interest rates here and in the US?
One reason is that interest rate policy affects what we pay on our mortgages. In Australia, most mortgages are on variable rates. There is no sign of inflation and wages growth is tepid. This takes the pressure off the Reserve Bank to increase short-term rates. The expectation is that they will remain at current levels, maybe until 2019.
This story is from the May 2018 edition of Money Magazine Australia.
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This story is from the May 2018 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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