What's Happening with Interest Rates and What Does the Future Hold for Me?
Update: 2024-07-31
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What's going on with interest rates? At the beginning of the year there was near unanimous agreement that interest rates would fall at some point in 2024, probably in the back half of the year. Yet here in Australia at least, talk is of the potential need to lift interest rates. As it stands, interest rates are already at their highest level in over a decade, and we need to go back to 2008 to see a time where they were at these levels for a sustained period.
This week I wanted to take a look at the change in thinking that is underway globally with respect to interest rate policy, and what that means for those of us with mortgages, and also those with investments.
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