Chief Officer for Investments of Saxo Bank Steen Jakobsen has been long forecasting further rate cuts as majority of economists predict a rate hike for next year. With falling commodity prices and rising unemployment, how low can we really go?

Rate cuts are most likely to happen to support the economy, according to Jakobsen, with predictions of as many as four more rate cuts that will drop the official cash rate to a record low 1.5%. He believes that this is necessary to avoid a housing bubble and that there is a chance of a recession in 2015 if rates remain at their current levels.

Read more about this on the Australian website.

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Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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