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clock Created with Sketch. 11/08/20
20:20
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Originally posted by joewolf:
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Every time there is a recession people say "but this time it's different". The only difference is that the government fired the ammunition early this time. In the GFC the cash rate dropped to 3%. The corporate interest rate was around 5%. I would suggest that even with the cash rate at 0.25% because of risk the corporate rate is around 3.75% to 4% so the impact on business not as much. The huge multinationals will be lower but not enough to change the circumstances.
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So interest rates were or weren't different?
