Credit Easing -The Pendulum Is Swinging Back
The latest news from both the RBA as well as APRA is clearly indicating that the pendulum for the easing of lending is swinging back.
After the RBA held the interest rate at the current 1.5% for now 33 months, since 3rd August 2016, it is clear that interest rate reductions are going to come. And that is not one, but two.
The general expectation is that after holding the interest rate in May due to the election, that a 0.25% reduction is going …