Interest rate reduced
Hi
Interest rate down by 0.25 percent from today but at same time expected growth rate is now reduced from 1 percent ro 0.5 percent
If you have a fixed salary there is no benefit. Pensioners will have less money. Those living in debt will have some relieve
What does all these mean? The reserve bank has just lowered the temperature. We are still at danger of further downgrade
Advice
Pay more on your bond as if we get further downgrade interest rates will change direction
DNI Business
