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8th December 2018Shane Oliver - AMP Chief economist talks...

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05/02/19

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Originally posted by Forged: ↑

As I said many times, RBA can cut it to zero or negative to stop the stock market from collapsing. I don’t care of the banks don’t cut it at all, it doesn’t affect me at all, maybe you because you bought the house near market peak. But the point is, money in the bank makes no interest at all. It will temp or lure savers to either spend it & boost spending or invest in other higher risk investment.

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8th December 2018

Shane Oliver - AMP Chief economist talks about RBA cutting the cash rate....
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