Interest rate update brought to you by Loan Market
Here at Loan Market we like to stay on top of our game and keep our valued clients advised and informed. This means knowing what is happening in the market, so here is a quick interest
rate update: The RBA first cut the cash rate in November 2011, which was the beginning of an extended cycle of low interest rates. What this means is the RBA has reached the end of this "low" cycle. So what can we expect in 2017? Probably more of the same...
We are expecting the US Federal Reserve to increase rates again in March and most probably in the June quarter. What this will mean is a stronger USD and weaker AUD. This behaviour will be great for domestic export focused sectors especially tourism, education and service.