As I have said a number of times recently, if you took your loan out a while ago it is worth shopping around and checking in with your lender to see if it can now give you a bigger discount. New data being published by the RBA and ASIC should help with this shopping around.
On a different matter, you might recall that at our previous hearing we had a discussion about quantitative easing (QE). Shortly after that I gave a public speech on the issue. Given the Committee’s previous interest in the topic I thought it would be useful to summarise the main points for you. The first is that negative interest rates in Australia are extraordinary unlikely.