15/04/2025 09:22
The Guardian
The good news is lower interest rates may help more people buy homes – but they also may be faced with paying off a bigger mortgagePolls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideListen to the first episode of our new narrative podcast series: GinaGet our afternoon election email, free app or daily news podcastThe prospect of dramatically lower borrowing costs has emerged as a potential blessing and curse for Australians hoping to break into the property market, amid a brewing global trade war and competing local policies.There are deep fears America’s protectionist policy will plunge the world’s biggest economy into recession and trigger a steep global growth slowdown. Economists believe the Reserve Bank of Australia will respond to this global trade turmoil with a rate cut to 3.85% at its next board meeting on 19-20 May. Financial markets are even pricing in a cash rate of 2.85% by November, or essentially cuts of 0.25 percentage points in each of the next five policy board meetings.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...
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