The Reserve Bank has slice the formal money price (OCR) to 1 per cent on Wednesday – and banking institutions have actually followed suit.
The cut had been by a bigger-than-expected 50 foundation points (bp), since it appears to prop-up a cooling economy.
While economists state the low prices mean now will be the time and energy to also buy, it means less cash for savers.
Happens to be the time and energy to invest an offer or place your cash into something more profitable? Continue reading