Living in a low interest rate environment isn’t a happy place for everyone. This article outlines how different people - borrowers, business owners and investors - are affected by lower rates.
Banks have not been passing on the full reduction in the Reserve Bank’s official cash rate, but no one knows with any certainty, what the future holds for rates and to what extent.
Most predictions are that they will remain at the low end for some time to come, so while borrowers love low rates and savers curse them, what can be done to make the most of the situation?
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