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Where to now for Interest Rates?

Discussion in 'The Economy' started by Rod_WA, 6th Sep, 2007.

  1. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
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    324
    Location:
    Inglewood, WA
    I found this quite hilarious. These two articles are from The Australian, one day apart:


    Dollar leaps on rates bandwagon
    September 05, 2007
    THE Australian dollar jumped yesterday after strong economic growth figures gave traders confidence that interest rates would rise again, attracting buyers to the local currency.
    Dollar leaps on rates bandwagon | The Australian

    Aussie dollar caned amid hints that local interest rates might fall
    September 06, 2007
    THE domestic currency copped a spank yesterday after a former Reserve Bank of Australia economist suggested local interest rates would be cut if the US took action to tackle global credit shortages.
    The Australian, News from Australia's National Newspaper

    Reminds me of Tropo's comment about the share market from a different thread:
     
  2. Leandro

    Leandro Well-Known Member

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    It's no wonder that so many investors (including me) get completely confused by reading too much!
     
  3. DaveA

    DaveA Well-Known Member

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    Sydney, NSW
    do they really think its possible for rates to go down? inflation is already a huge concern for our economy.

    The only think i can potentially see is banks being force to put rates up due to higher borrowing costs for the bank, which is offset by a rate cut
     
  4. Tropo

    Tropo Well-Known Member

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