RBA Raises Interest Rates Again – August 8th 2007
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.
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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.
hayesy
August 8, 2007