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The cash rate is going higher. It isn’t fear mongering to consider it reaching 5%+ - While it is unpleasant for debt holders to think about, the cash rate is almost certainly going up to at least 4.60% (based on current market pricing). Talking about it reaching 5%+ isn’t someone selling you doom.
Take a look at two fairly comparable countries:
Canada CR 4.75%, CPI 4.4%, unemployment rate 5.2%.
NZ CR 5.50%, CPI 6.7% unemployment rate 3.4%.
Meanwhile: Australia: CR 4.10%, CPI 6.8%, unemployment rate 3.6%
Canada has a higher unemployment rate, lower inflation and only recently hiked from 4.50 to 4.75%.
NZ has a slightly lower CPI and a better rate of unemployment with a cash rate that is 1.4% higher.
I am not here ...
(www.reddit.com/r/AusFinance/comments/14…)
Take a look at two fairly comparable countries:
Canada CR 4.75%, CPI 4.4%, unemployment rate 5.2%.
NZ CR 5.50%, CPI 6.7% unemployment rate 3.4%.
Meanwhile: Australia: CR 4.10%, CPI 6.8%, unemployment rate 3.6%
Canada has a higher unemployment rate, lower inflation and only recently hiked from 4.50 to 4.75%.
NZ has a slightly lower CPI and a better rate of unemployment with a cash rate that is 1.4% higher.
I am not here ...
