Aug
8

RBA Raises Interest Rates Again – August 8th 2007

By Ardorpes  //  General  //  1 Comment  // 

As predicted by many economists, the Reserve Bank of Australia (RBA) has lifted the official interest rate yea again by .25% – The cash rate now up to 6.5% which is its highest level since November 1996. This will affect homebuyers of a increase of about $50 a month.The Federal Government has blamed the State Government for planning a $70 billion borrowing fund over the next five years apparantly putting upward pressure on interest rates.

Will you still be voting for the howard government after this?? Does this interest rate rise affect you?  Since i can now vote.. I dont know who I’ll be voting for yet.

Author: Rhys Evans

Hi! I'm an 20 year old aussie guy in NSW, Australia currently studying a Bach. Commerce. On this site I blog about tech, web design, web business and other entrepreneurial topics.

1 Comment to “RBA Raises Interest Rates Again – August 8th 2007”

  • hayesy August 8, 2007 at 10:03 am

    Funny how when interest rates drop, the Government takes responsibility but the media say “It was bound to happen”, and when they go up, the Government blames other people and the media blames the government.

    Don’t take out loans to buy cars. Its stupid.

Leave a comment

Categories

Lifestream

  • Rhys Netbook. 2 months olddd, 10 months warranty, Asus 1001px $315 - Someone buyyyyyyy.
  • Rhys 99%ofteenagers would cry if they saw justin bieber standing on top of a skyscraper about to jump. If you are the 1% sitting there with popcorn and 3D glasses, screaming "DO A BACK FLIP",copy and paste this as yourstatus.
  • Rhys Never haven bought bottled water, i got jipped today, went through maccas drive through, asked for water cheese burger and chips. Low and behold i didnt check receipt and they gave me a bottle of water and charged me. FAIL.
  • Rhys Keen for a sk8, whos in?
  • Rhys Its josh Plunketts birthday today, everyone send him a sms.
  • Rhys West gosfordddd shoppingggg centreee.
  • Rhys Watching when the war began yeeeeew.
  • Rhys iPhone 4 for sale. $999. still sealed and unopened.