Macquarie Bank reduces fixed rates 1st April 3.69% for owner occupier three-year fixed P&I at ≤70% LVR (a drop of 19bps) and 3.89% for investor three-year fixed rate P&I at ≤70% LVR (a drop of 30bps). Five-year fixed rates for investor P&I at ≤80% LVR have dropped 60bps. That is stimulus, NGDP monetary targeting. Who knows what the next 30 years will look like? For now there is a global shortage of service labour (Germany, US, UK, Japan, all N-Europe, etc). There are loads of policy choices to target..
