Reserve Bank relying on FOMO to keep economy ticking | Finance

Reserve Bank relying on FOMO to keep economy ticking | Finance
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It’s no surprise that interest rates will end the year where they are, which is the lowest they have ever been. The only interesting part of the central bank’s statement was a clear acknowledgement that the RBA is relying on FOMO – the fear of missing out – which is driving house prices higher.

Read more here: https://www.abc.net.au/news/2019-12-03/rba-keeps-rates-on-hold-house-price-jumps-household-debt-fears/11759930?section=business

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