Keeping in Touch – September 2014
Opportunities in a low interest rate environment
In August this year the Reserve Bank Cash Rate of 2.5% celebrated its one year anniversary. It’s a continuing low point that has followed a steady period of decline since October 2011 and in October this year it will be 4 years since we last saw a rate rise. We would have to go back decades to see such a sustained period of low rates and it is difficult to comprehend what it would have been like a quarter of a century ago when the rate was at 17%!