He said fixed rates were priced off wholesale swap rates, which had already been pricing in a 1 per cent official cash rate, anyway.
"These fixed rates are already well ahead of where the official cash rate has been. There's been a huge amount of anticipation of the official cash rate coming down."
We read a lot about GDP growth and whether or not this is happening, and how to make sure it happens. I picked up something on National Radio, arising from the visit to New Zealand by Kate Raworth - author of Doughnut Economics - which I found really thought-provoking. She is worth visting on www.kateraworth.com
Wednesday 5th June 2019
The Reserve Bank's central view is that interest rates will remain broadly around current levels for the foreseeable future but it has the room to provide more monetary stimulus if necessary, said assistant governor Christian Hawkesby.
Comment - we look out for statements which are helpful and intereting from whence they come. This one struck me as noteworthy.
With rates at a low-point, this is a good time to look at booking a fixed rate.
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