(I think) I understand that statement but where to from here?
A gradual increase in the cash rate to decrease debt reliance? or Do they keep dropping the cash rate to promote more debt to develop more growth?
Now for someone borrowing for the purpose of buying a property, and taking into account that 'medium-term average' comment. I'll assume the powers that be are wanting to promote debt to generate growth by dropping rates.
Fast forward 5-10 years, is a cash rate around 3-5% going to be the norm compared to the 7-8% in 2006-07?
