Tuesday, Oct 06, 2009
Is this a turning point on interest rates
BBC: Australia raises interest rates
Australia has raised its main interest rate to 3.25% from 3%, becoming the first G20 nation to do so as the global economy begins to recover. The move by its central bank was not unexpected as the Australian economy was the only one in the developed world to expand in the first half of 2009.
Posted by jack c @ 10:33 AM (830 views) Add Comment
10 Comments
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1. Materialistic Weasle said...
Could be a complete co-incidence but Sainsburys on-line just raised thier rates - or could the brakes be slipping woooo
2. mystie010 said...
Boil in the bag frog coming toa supermarket near you! First rate rise Feb 2010 mark my words.... :-)
3. stillthinking said...
Apparently a key cause of Australia's economic expansion is the large influx of cash holding immigrants from the UK amongst others, causing speculation that the housing shortfall per annum exceeds their building capacity.
Through the centuries migration has principally been for economic reasons.
4. alan said...
@ mystie010,
Do you think Brown will allow that before the election??
If rates move up (by even 0.5%), it is going to upset a lot of mortgage payers on Standard Variable Rates (SVRs).
5. mystie010 said...
I honestly think that Brown will be gone around Christmas and he will cite ill health, because I believe this was a deal he had to strike with his party in order for them not to overthrow him earlier on in the year. It was really funny how one minute they were all for getting rid of him and then it all went quiet. So ultimately I think with Brown gone Labour will be in such disarray trying to find a new leader then rates will go up in Feb. Of course I do stand to be corrected it is just a hunch I have, but I think my musings are just about as believable as a 1.6% increase in asking prices this month :-)
6. happy mondays said...
mystie010 labour to find a new leader, Lol. We have no leaders in this country! Only lapdogs to business & corporations..Anyone with any inspiration or a thought process that could lead to change & a fairer way of life, would be found dead within a year, apparent suicide..But that time will come, until then we have to put up with this bunch of jokers pretending that they are for the good of the British people..
7. crunchy said...
6. happy mondays
Good day!
Never a truer word said on this site.
Good on ya mate! Were all just shrimps awaiting the Barbie.
8. mystie010 said...
Okay I should have said it properly - just to clarify my thoughts - Labour are to replace their current numpty with an even bigger numpty after Christmas - does that sound better?
9. c'mon correction said...
An even bigger Numpty than Gordon Brown, there is no such thing !!
10. mr g said...
mystie010, In your opinion:
1. What will the February increase be?
2. Where will rates be in October 2010?