Interest rate reduced


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


Pay more on  your bond as if we get further downgrade  interest rates will change direction

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