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Confusion over the RBA's next step as inflation soars

Discussion in 'The Economy' started by Simon Hampel, 24th Apr, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Lateline - 24/04/2008: Confusion over the RBAs next step as inflation soars

    Lateline - 23-Apr-2008
     
    Last edited: 17th Sep, 2016
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
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    4,619
    Location:
    Sydney, Australia
    Last edited: 17th Sep, 2016
  3. crc_error

    crc_error The Rule of 72

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    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!