Bank of Australia - interest rates would stay low until 2024⚠️
Reserve Bank Governor Philip Lowe has apologised to Australians for giving them unclear guidance that led to hundreds of thousands taking out big mortgages in the expectation that interest rates would stay low until 2024. Towards the end of 2020 and for nearly all of last year, Dr. Lowe said interest rates would not likely rise until 2024.
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