Interest rate cut – so is this good or bad news?
Interest rates have been cut again to an all-time low of 1.25%. We really are now in uncharted territory. It’s easy to forget that during the GFC the Reserve Bank dropped rates to what it considered ‘emergency lows’….to a rate of 3.5%! Mortgage brokers and banks will see this as a positive move, as will all the people with large home loans. Of course, there is another side to the coin particularly for people with cash (and bond) investments. For those people the downward tren