The ideal interest rate for every Australian city

Posted by Simon Dehne on February 22, 2016 in Latest News with No Comments

interestratesIn the years after the GFC and as the mining boom peaked, then-treasurer Wayne Swan was fond of referring to the “patchwork” nature of the Australian economy.

There were also frequent references back then to the “two-speed economy” as activity in WA and Queensland accelerated, creating swathes of jobs and triggering surges in wages and property prices. The RBA kept interest rates relatively high, compared to what was happening in many advanced countries in the post-GFC environment, to make way for the boom. It effectively stood on the throats of the economies in NSW and Victoria as they struggled with much higher levels of unemployment and softer activity.

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