- Created on Wednesday, 22 January 2014 08:41
- Published on Wednesday, 22 January 2014 08:41
- Written by Michael McAlary
Interest rates will likely remain on hold over the coming 12 months as the Reserve Bank of Australia (RBA)will not want to limit its ability to respond to global economic events. Even with tapering the level of Quantitative Easing (QE) by the Federal Reserve and by other central banks, e.g. Bank of Japan, combined with high levels of unemployment in Europe and under-employment in the USA and Australia will mean that the pressure on rates is down.