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#1
05-10-2019, 04:10 PM
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Record-low rates doing little to boost Aussie economy
An honorable member of the Coffee Shop Has Just Posted the Following:
 Record-low rates doing little to boost Aussie economy Australian interest rates have dropped to record lows, but there are growing questions about whether such cuts - which have long been used to stimulate a lagging economy - are having any effect.. Read more at straitstimes.com.  www.straitstimes.com An analysis... by Mr David Richardson, a researcher at think-tank The Australia Institute, said rate cuts were less effective as they approached zero, partly because banks and financial institutions do not pass them on entirely to consumers. This is because banks do not want to offer negative rates to savers and, so, try to keep lending rates higher to maintain their... Record-low rates doing little to boost Aussie economy Click here to view the whole thread at www.sammyboy.com. 
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