Wednesday, July 18, 2007
Get ready for the next increase, in August + October ?
Interest rate rises are now filtering through, or will do by the end of the holiday season. Get ready for the 10% SVR. >>> "Prices rose by 2.4 per cent on the consumer price index, down only a fraction from 2.5 per cent the month before and still well above the Bank’s 2 per cent target. On the broader retail price index, inflation rose to 4.4 per cent from 4.3 per cent." >>> "Expectations that the Bank’s Monetary Policy Committee could move to raise rates to 6 per cent, potentially as soon as next month" >>> BEWARE Sub Prime, BEWARE Sub Prime, BEWARE