Interest Rates to Remain On Hold

Happy New Year!

It looks like interest rates are going to remain stable for the rest of the year with a bias for going southwards.

That being said, anything can happen between now and then but in the meantime the future looks like they will be stable.

The Reserve Bank of Australia has indicated that it would like to see our dollar drop further and they can manipulate this by reducing interest rates. Also, the Australian economy seems to be struggling at the moment with the sluggish Chinese economy significantly affecting commodity prices.

We will have to wait and see but with interest rates at a record low there are some great deals out there to be found.