DislikedPrior to the February Board meeting, the cash rate had been at the same level since August 2013. Interest rates faced by households and firms had declined a little over this period. Very low interest rates have contributed to a pick-up in the growth of non-mining activity. The recent large fall in oil prices, if sustained, will also help to bolster domestic demand. However, over recent months there have been fewer indications of a near-term strengthening in growth than previous forecasts would have implied. Hence, growth overall is now forecast...Ignored
"Interest rates faced by households and firms had declined a little over this period."
0% balance transfer for 18 months,
alot of personal loan commercials seen on TV.
are we going to see improvement in retail numbers in the future?
or more defaults?
hmmmmmm...