Business
Interest rates may remain at record lows until 2025: RBA governor – Sydney Morning Herald
Interest rates could remain at record low levels until the middle of the decade despite a surprisingly strong economic recovery.
[The] cash rate will be maintained at 10 basis points for as long as is necessary.
So the message is this: interest rates are going to be low for quite a while yet.
The economy is expected to grow 3.5 per cent over 2021 and 2022, Dr Lowe said, with GDP to return to its pre-pandemic level by the middle of this year. This recovery is six to 12 months earlier than the RBA previously forecast.
Despite the recovery, the economy is about 4 per cent smaller than what it had been expected to be with Dr…
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