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.
Latest posts by Dorian Traill (see all)
- Brisbane Slow And Steady Growth Ideal For Investors - November 5, 2015
- 5 Wellness Tips in the Workplace - October 26, 2015
- Sydney Median Soars to $1 Million - September 24, 2015