Interest Rates Being Pushed Lower

The Reserve Bank has announced that powerful community forces and demographic trends are having a major effect on keeping interest rates low. Specifically Australia’s ageing population is the stand out trend which is having the biggest effect.

This issue is further compounded by the fact the Australia’s increasingly ageing population relies on interest rates to provide an adequate return on their savings. With rates continuing to stay low over the foreseeable future this is sure to put a dent in the incomes of retirees.