Realistbear Report post Posted August 2, 2006 http://www.terra.net.lb/wp/Articles/Deskto...amp;ChannelId=6 Australia's central bank raised interest rates by 25 basis points to a six-year high of 6.0 percent in an effort to head off inflationary pressures in a booming economy. The widely-anticipated move by the Reserve Bank of Australia (RBA) board came after the headline annual inflation rate hit 4.0 percent following a surge in the June quarter, well above the bank's target range of 2.0-3.0 percent. "The decision reflects the board's assessment that economic activity remains strong and that inflation pressures have increased," RBA governor Ian Macfarlane said in a statement. Even though we are 25% above our 2.0% target (according to Gordon's special basket of goods) it appears to no longer be any cause for concern? Quote Share this post Link to post Share on other sites
Gtr London FTB Report post Posted August 2, 2006 Yep, House Prices to Tumble! http://www.news.com.au/business/story/0,23...837-462,00.html Quote Share this post Link to post Share on other sites
Te Mata Report post Posted August 2, 2006 (edited) And there is a modicum of panic in the mortgage belt.... oh and lots of anger.... How dare they! I'm disappointed they didn't have the cojones to go for .5 though Edited August 2, 2006 by wayneL Quote Share this post Link to post Share on other sites
