Saturday, August 20, 2011

Interest Rates - Consolidating

The 90 day bill rate is currently at 4.81% and has been trending sideways for several months. There's been talk in the MSM for the case to lower rates by the RBA due to poor economic conditions, this may happen as discussed here but ultimately higher long term rates are on the horizon.

One thing for certain is more adjectives and nouns from the RBA will no doubt be forthcoming to justify some type of decision that's already predetermined by the 90 day bill rate.

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