Tuesday, Apr 06, 2010
Will UK rates follow?
Bloomberg: Australia Raises Key Interest Rate to 4.25%
"Australia’s central bank raised its benchmark interest rate to 4.25 percent and signaled further increases".
Posted by alan @ 09:19 AM (971 views) Add Comment
7 Comments
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1. tpbeta said...
Errr
no. not anytime soon
2. estrader said...
I saw a news story on the BBC and surprise, surprise, it was biased completely toward how the interest rate rises were hurting 'poor', innocent, mortgage holders. Not a single story from the perspective of rejoicing savers like me.
3. uncle tom said...
The Ozzies can be insufferably smug at times..
..unfortunately, it looks like they are ahead of the curve, economically; and will probably be the first developed nation of any size to get its finances fully back in order..
..buy your smug masks now..!
4. alan_540 said...
Hopefully after the election interest rates will begin to head northwards and things will start to return to normal.
5. it_is_going_with_a_bang said...
It is about time some governments starting seeing things the same way.
The incoming government here have every reason to tighten borrowing and to insist on a restoration of borrowing rates that restores the balance between borrowing and saving.
For too long the emphasis has been on reducing borrowing rates and not the actual amount being borrowed.
... and yes for the record I cannot see Labour staying in government.
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