Interest rates were 7 to 8% in 2001 and IAG was $3.00 a share.
Interest rates were 4 to 2% in 2018 to 2020 and IAG share price was around $8 the highest in history when interest rates were?
So I don't see the correlation you're drawing? It would seem the opposite?
IAG has suffered from the banking royal commission, the covid stockmarket retrace, and the bushfire and I think fear around global warming and climate change. I believe it's way oversold and has started its recovery.
Time will tell.
IAG Price at posting:
$4.86 Sentiment: Buy Disclosure: Held
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