Global Market Instability Affects Interest Rate

House and land packages have increasingly become attractive especially now that interest rates are lowered. The global market is unstable and it is because of this instability that Australia is facing a downward pressure on its interest rate. Financial experts say that the downward movement in the country’s stock market index is a reaction to the shaky Asian markets. This may force an action of the Reserve Bank in the upcoming months. On the other hand, the Colonial First State head of market and economic research contended that it is…

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