booz, Westpac's chief economist Bill Evans, whom I respect, since he is far more accurate than most out there, said there should be a rate cut now before xmas, as retail sales are suffering, then the rates will keep going down next year, below the emergency level of 2008...so that is below 2.75% it was on the evening news now... the rba should never have raised the rates at the start of the gfc, I recall home loan rates going to 10%, and then they raised them again too soon after, they left them too high early this year... home loan rates are fine now, fixed rates at 5.4%...
they should have different rates for depositors.... different for businesses, which includes retail and different rates for home loans
these next rate cuts will have to got to businesses....their rates are way too high cheers
