Expect bank cuts soon, borrowers told

by Mackenzie McCarty06 Mar 2013
"Almost all economists anticipate interest rates will decline over the course of the year. If it's a question of when, not if, there's no reason it shouldn't be sooner rather than later.

From a housing perspective, she says, a reduction in interest rates takes time to filter through to the residential market.

“Given we are now heading into the autumn and winter selling periods, it makes more sense to cut rates now to support the market through the middle of the year.”

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