PROPERTY INVESTOR LANDLORD ECONOMIC NEWS & ALERTS AUSTRALIA/NEW ZEALAND

Monday, October 26, 2009

INTEREST RATES CONTINUE TO RISE

INTEREST RATES CONTINUE TO RISE

EVERYTIME YOU BLINK THERES ANOTHER BANK RAISING AN INTEREST RATE, 5YR FIXED RATES HAVE ALREADY HIT 8%............
RESERVE BANK OF AUSTRALIA RAISED THE CASH RATE 25 BASIS POINTS THIS MONTH VOICING THEIR CONCERNS ON INFLATION RUNNING AWAY FROM THEM, FURTHER CASH RATE RISES ARE SURE TO COME.

THE BIG QUESTION NOW IS NOT WHEN BUT HOW FAST WILL THEY RISE.