Even so, this rate remains 1.9 percentage points under
the previous cyclical low early in 1994, reflecting the trend decline in bond yields over recent years.
In other English - speaking countries, interest rates that intermediaries currently charge businesses are generally higher than at
their previous cyclical low point for the decade.
This is roughly equivalent to
previous cyclical lows in 1981 and 1989.
Intermediaries» interest rates, both for the household and business sectors, are, for example, well below
their previous cyclical lows.
Not exact matches
The level of intermediaries» interest rates for households and small businesses remains historically
low — in particular, notwithstanding the fact that the cash rate exceeds by 1.5 percentage points its level at the
previous cyclical trough in 1993/94, rates paid by borrowers, especially for housing, typically remain below their level at that time.
Nonetheless, vehicle sales keep failing to rise through their
previous cyclical peaks, in spite of rising employment, record
low financing costs and
low oil prices (charts from CalculatedRisk)