Monday, Feb 25, 2008
Interest rate rises cause widespread destruction but don't always deliver a knock-out blow nor are they ever precisely on target.
dailytelegraph: Rises do more harm than good
"It is harsh but you can't get a slowdown in the economy without causing some pain to some people," he said.
Macquarie Bank interest rate strategist Rory Robertson said the recent succession of interest rate rises will soon begin to bite in the suburban heartlands of Sydney, Melbourne and Brisbane.
Posted by chris @ 12:35 AM (119 views) Add Comment
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