How Does the Rise of the US Cash Rate Affect Australia?
Interest rates can convey the health of a country’s economy. Lower interest rates can help promote borrowing and therefore stimulate an economy which is struggling. The downside is that lower rates can stoke the fire of inflation. When the economy is doing well, central banks will raise rates to take a bit of heat out of the system. A hike in interest rates therefore means that the economy is doing well. The Australian cash rate has been on hold since …
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