A vastly changed world means consumers won't react the same to higher interest rates
- Written by Katherine Hunt, Lecturer in Accounting, Finance and Economics, Griffith University
Consumers are faced with more economic uncertainty than the bottoming out of interest rates would otherwise suggest.AAP/Sam MooyThe Reserve Bank today kept interest rates at a record low of 1.5%. Such low rates create economic uncertainty – and if Australia’s historical GDP growth is anything to go by, consumers face more uncertainty...
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