29 Jul 2019

How low can interest rates go?

From Nine To Noon, 9:08 am on 29 July 2019
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Photo: 123rf.com

The Reserve Bank's official cash rate sits at a record low of 1.5 per cent but the central bank has strongly indicated that could be cut further if the global economic outlook worsens and the local economy remains subdued. How low could rates go? What are the implications for the economy, borrowers and savers? Kathryn talks with Managing Editor of Newsroom Pro, Bernard Hickey, Infometrics Economist Gareth Kiernan and interim Retirment Commissioner Peter Cordz.