Business
2 ASX dividend shares for 2021’s zero interest rate world
With Australia’s interest rates effectively zero – or even negative – ASX dividend shares are in the spotlight for 2021.
We’ll get to 2 ASX income shares you may want to investigate further for your own portfolio shortly.
But first, let’s look at why the real returns you’re likely to get on your cash savings are actually negative.
On 3 November, the Reserve Bank of Australia (RBA) took the unprecedented step of cutting the official cash rate to a rock bottom 0.10%.
Governor Philip Lowe indicated the bank has no intention to reduce rates into the negative range. But the RBA’s $100 billion quantitative easing (QE) program is intended to keep a tight cap on borrowing costs. And hence on what you’ll receive in your role…
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