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RBA meet on Tuesday. Expect another 0.25% interest rate cut, with many predicting 0.75 - 1.00% over the next 12 months. Zero interest rates (subsequently negative interest rates).
Note that this might be good for borrowing (if you don’t choose fixed), but it is a bad sign for the economy as unemployment rises & job vacancies disappear. Due to the construction sector collapsing (pun intended) there is going to be a knock on effect across the economy.
Low rates mean nothing if you don’t have a job
Anyway, the forecast is why I’ve gone with a variable rate