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Official interest rate hits all-time low: Is it a good news?

Interest rate

The Reserve Bank has slashed the official cash rate to 1 per cent. It' s a record low - and the first back-to-back cut since 2012. Is it good for consumers? Explains Mr.Jega Natarajah, Mortgage broker and Tax consultant. Produced by: RaySel.


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By Raysel

Source: SBS



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The Reserve Bank has slashed the official cash rate to 1 per cent. It' s a record low - and the first back-to-back cut since 2012. Is it good for consumers? Explains Mr.Jega Natarajah, Mortgage broker and Tax consultant. Produced by: RaySel.



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