Interest Rates to Remain Low in 2015

Good news for Owner Builders / Residential Building

-Interest Rates to Remain Very Low in 2015

-The annual rate of inflation fell sharply during the December 2014 quarter, reinforcing the prospect of a low interest rate environment for the foreseeable future

-The headline rate of inflation dropped to 1.7 per cent during the December 2014 quarter, the lowest inflation rate since mid-2012.

-The big drop in oil prices over recent months is helping to restrain cost of living pressures. Fewer price pressures in the economy mean that a policy of very low interest rates is both justified and necessary. This is against the backdrop of below trend economic growth and unemployment persistently above 6 per cent.

Source : HIA


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