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.
Hi! I'm an 19 year old aussie guy in NSW, Australia currently studying a Bach. Commerce. On this site I blog about stuff, How cool is that! No seriously though, you should read this stuff, its pretty good.
1 User Responded In This Post
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 Reply