Thursday, Jan 29, 2009
Several economists are expecting official interest rates to fall to the lowest levels in almost half
News.com: Australian dollar to hit all-time low of US47c, bank says
BNP Paribas also expects an Australian economic growth rate of close to zero in 2009, "The RBA will want to get rates down rapidly, taking them to levels not seen since the 1960s," he said, adding Australia was likely to enter a recession in the second half of 2009.
Posted by chris @ 12:19 AM (280 views) Add Comment
3 Comments
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1. beartil2010 said...
Well, all the car dealers here say they're really busy so they can't offer you a deal, and the estate agents all keep saying how busy they are and how things aren't going to change... obviously there is no recession coming...
2. mark wadsworth said...
Tee hee. I made a 19% profit (in GBP terms) buying AUD end October 07 and selling end Dec 07.
3. This comment has been removed as it was found to be in breach of our Blog Policies.