Realistbear Posted July 31, 2006 Share Posted July 31, 2006 (edited) http://www.smh.com.au/news/business/yes-in...4198011045.html Ross Gittins July 31, 2006 FOR once the financial markets and wolf-crying media have got it right: the Reserve Bank board meeting tomorrow will decide to raise the official interest rate by 0.25 percentage points. But whether there's a further increase to come in the next few months is much less certain. Remember that such an increase would take the official rate to 6.25 per cent - the peak it reached in August 2000, when households were far less indebted than they are today. Why must rates rise this week? Well, not because last week's consumer price index result was a shocker, nor even because the inflation rate has rise to 4 per cent, but because of a deterioration in the outlook for underlying inflation . Such data is ignored, of course, by Gordon where an admission of underlying inflation means failure to steer the economy on a prudent course. Boom and bust anyone? Edited July 31, 2006 by Realistbear Quote Link to comment Share on other sites More sharing options...
Objective Developer Posted July 31, 2006 Share Posted July 31, 2006 All the signs are there. Have you been on Holiday sir? Site has been a little empty of late. OD Quote Link to comment Share on other sites More sharing options...
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