Discussion in 'The Economy' started by Simon Hampel, 24th Apr, 2008.
Lateline - 24/04/2008: Confusion over the RBAs next step as inflation soars
Lateline - 23-Apr-2008
Lateline Business - 23/04/2008: Inflation figures may cause interest rate rise
Lateline Business - 23-Apr-2008
no confusion here.. we all know inflation will only get worse.. and those who believed predictions of falling rates next year were only fooled.
And raising rates will not lower the cost of staples.. oil, drought, and other commodities are not going to be affected by australian interest rates.. so while they are going up (and have done so for the last decade) rates will continue to raise.
I'm happy I'm on a 10 year fixed rate! I would hate to be packing my dacks each time the RBA meet!
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