Lunatic RBA: Rates low forever now

Perhaps it’s time to bet on inflation, via Domain:

Interest rates could remain low for “decades”, the Reserve Bank governor has signalled while warning Australians may be starting on a fresh binge of mortgage debt that could expose one of the nation’s biggest economic vulnerabilities.

Amid continuing signs the retail sector is struggling, Philip Lowe admitted there were already signs of a “cross-over” between Australians using last year’s interest rate cuts to get their finances in order and people borrowing more to get into the property market.Australia already paying economic price of climate change: RB

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