Wednesday, May 19, 2010
Coming to UK soon????
Bbc: Australian consumer mood hit by high interest rates
Australia's central bank raised its main interest rate to 4.5% earlier this month. In October, rates were 3%.
Mortgage rates have been rising even faster, putting pressure on household spending.
Posted by mark @ 01:09 PM (668 views) Add Comment
4 Comments
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1. Thecountofnowhere said...
BBC propoganda ?
Read as "high interest rates bad".
No mention of high interest rate good for encouraging savers.
2. tom101 said...
Something seems to be happening to their currency......
3. enuii said...
4.5% - I have dreams of that, a sensible rate of interest for a sensible world.
4. doom&gloom said...
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