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PREMIUM Economic forecasting is a tough gig (just ask the Reserve Bank governor Philip Lowe), but all four major banks agree that the ‘peak cash rate’ is nigh.
In the 16th century, if you wanted to learn what the future held and what course of action you should take to make yourself more wealthy, you’d have to consult a specularii. Nowadays, it’s the economists who people consult in order to know what the future holds, particularly when it comes to the cash rate and what it means for their mortgages.
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