Morning Report Monday 25 January 2016
*NB There will be no report tomorrow as we celebrate Australia Day
Today we have decided it is timely to take a closer look at local interest rates where it is worth noting that Australia's RBA cash interest rates have been down at an economic stimulatory 2% since mid-2015. Many investors might forget that local rates have been well over twice as high since the GFC i.e. 4.75%!
Australia's economy has been under immense pressure over recent years as commodity prices have collapsed faster than many had forecast.
The local interest rate futures market are currently implying no change to local rates until late 2017 when they are starting to look for one increase to 2.25%.
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