Interest Rates

The Dom Post reports:

Cash-strapped homeowners will see some relief this year, with experts predicting the Reserve Bank will keep official low until at least September.

However, some experts say even that may be too early.

After two rises of 0.25 percentage points in June and July, the Reserve Bank has held the official cash rate steady at 3 per cent, as economic growth stalled.

Economists still expect a recovery this year, but there is a growing view that Reserve Bank governor Alan Bollard will leave rates on hold for another eight months.

Works for me, as from today I am once again burdened with a mortgage. My disposable income has shrunk by around 75%!

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