Interest Rates increase October 2009
Oct 6th 2009, 4:16 am
#1
Guest
Posts: n/a
Interest Rates increase October 2009
6 October 2009
At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points, to 3.25 per cent.
If the banks pass this on, as is, the CBA Standard Variable Home loan rate will become 5.99%
At its meeting today, the Reserve Bank Board decided to raise the cash rate by 25 basis points, to 3.25 per cent.
If the banks pass this on, as is, the CBA Standard Variable Home loan rate will become 5.99%
Oct 6th 2009, 4:27 am
#2
Guest
Posts: n/a
Re: Interest Rates increase October 2009
Politicians reaction.....
The Minister for Competition Policy, Craig Emerson, responded saying rising interest rates would not be the fault of the federal government.
They want all the credit for them going down... but at the first sign of a change...
The Minister for Competition Policy, Craig Emerson, responded saying rising interest rates would not be the fault of the federal government.
They want all the credit for them going down... but at the first sign of a change...
Oct 6th 2009, 4:39 am
#3
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Re: Interest Rates increase October 2009
Surely it's not too difficult to spin as a positive for the govt. E.g. where else is the economy in good enough shape to warrant rising interest rates? I know people are OBSESSED with interest rates here but I don't believe they would expect them to stay at 3% forever!
Oct 6th 2009, 7:53 am
#5
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Interest Rates increase October 2009
Indeed, yet it's funny how rising interest rates were definitely the fault of the previous government!
S
Oct 6th 2009, 11:18 am
#6
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Interest Rates increase October 2009
Well you can't blame the real culprits: over indulgent consumers. They have the vote. 
