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Cutting interest rates is just the start. It's about to become much, much easier to borrow

  • Written by Warren Hogan, Industry Professor, University of Technology Sydney
Cutting interest rates is just the start. It's about to become much, much easier to borrowAPRA's move will make the Reserve Bank rate cuts more potent.Shutterstock

Australia’s lowest ever Reserve Bank cash rate – 1.5% – is about to be consigned to history.

On Tuesday Governor Philip Lowe made it clear he plans to cut it in two weeks’ time. The money market cash rate (from which all other rates derive) will then...

Read more: Cutting interest rates is just the start. It's about to become much, much easier to borrow