Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 9 years ago

If Reserve Bank of Australia decrease the interest rates?

If RBA's decision to decrease interest rates would affect the following business sector: financial intermediaries, individual households and small business owner. If RBS do that, what gonna happen?

Update:

Give me some example about how does it affect them. What gonna happen about those three if RBA decided to decrease the interest rates.

2 Answers

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  • 9 years ago
    Favorite Answer

    The minimum Lending Rate is set by the central bank of the country concerned. When it is lowered any individual interest earning account usually is subject to a lower rate of interest. Your income from interest falls.

  • 9 years ago

    yes they have quite a lot!

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