Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREThe Reserve Bank won’t be raising interest rates anytime soon. Here’s why
Next month, should the Reserve Bank once again keeps interest rates on hold (rated a 100% chance in the market) it will mark 91 months – more than seven and a half years – since the RBA last raised the cash rate (in November 2010) from 4.5% to 4.75%. And despite warnings from the RBA governor that the next change in interest rates will likely be a rise, the latest housing finance figures suggest this current period without a rise is set to continue.
We are now experiencing the longest run without a rate rise in the RBA’s history – well beyond the 58 months during the mid to late 1990s when the RBA took the cash rate from 7.5% to 4.75%.
Read the full article on The Guardian.
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