Record low interest rates until 2024 could deepen divisions between Australia’s haves and have-nots – The Guardian

HousingRBA predicts the higher inflation needed to see a rise in rates would not return for at least another three years
Super-low interest rates will remain for at least another three years, the Reserve Bank has said, increasing the likelihood of a continued surge in house prices exacerbating what one leading thinktank called the division of Australia into a nation of haves and have-nots.
After the central bank kept rates at the historic low of 0.1% at its monthly policy meeting on Tuesday, its…

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