Economists are predicting interest rates to increase towards the end of this year as the Australian economy moves from a mining to non-mining base.  For the time being it is widely acknowledged the current interest rate will remain at the current humble level of 2.5%. But many economists are predicting the it to rise in early 2015 to 3.25%Inerest Rates

Official data from the March Quarter showed that capital expenditure has surpassed the mining investment boom. While investment forecasts for the 2014/15 financial year, in non-mining sectors of the economy, are predicted to exceed any rates since the Global Financial Crisis.

Borrowers, then, are urged to either fix their repayment rates or do whatever they can to reduce the principal of their loans now, while they enjoy the low interest. Investors, on the other hand, can look forward gains in the market on the back of increased investment.

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