Monday, July 31, 2006

Base rate to rise again in Oz

Yes, interest rates are sure to rise this Wednesday

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.

Posted by webmaster @ 03:16 PM (0 views)
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One thought on “Base rate to rise again in Oz

  • Bubbles. . . . says:

    oooooH SO BAD!!! OK u can have a family work hard but DONT BORROW HARD AS WELL!!! what has this world come to…why has eveyone thought like in the last BUBBLE!!! that everything is going to be OK! Feel so sorry u cant live of DEBT! It has to be repaid I wouldnt lend someone money and just write it off! Would YOU? If you would then lend me some?……My mum and da could remember when it was 15%….Is that such a shock to today????They still managed and house prices where a a lot less than they were today..

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