Re: Interest Rates Down Again
Originally Posted by
Bruce
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Today the Reserve Bank reduced interest rates from an already record low 0.25% to 0.1%.
It just goes to show the trouble this economy is in.
In a sneaky move NSW government has announced that the expected 2.5% pay rise for public servants has been slashed to 1.5%.
I think it is all part of the banking industries drive to to get us all
onto credit cards Brucy and do away with cash??
This is not peculiar to australia but is taking place worldwide!!
Gone are the days when a healthy economy was typified by the
amount of money lying in private savings accounts ??
And nowadays if you dont owe anything you are considered a
bad risk??
Donkeyman! 😟😟