The RBA has resisted the temptation to increase the official cash rate, but has again warned that rates will need to rise soon to keep inflation in check.
Domestic interest rates
Ask the economists: tomorrow’s RBA announcement
We asked the economists for their punt on the RBA’s interest rate announcement tomorrow, just ahead of the race that stops a nation. They say that the numbers will just keep going up…
Big banks passed on rate cut with almost indecent haste
The RBA has stamped its authority the banking cartel: we can expect more pressure to come, writes Glenn Dyer.
The interest rate rise has helped the rich at the expense of the poor
I’m unimpressed at the interest rate rise. This rise will not affect the better off at all - quite the reverse - it makes them more money. For the large percentage of Australians who are cash rich, with low and no debt, an interest rate rise just gives them more money to spend, writes Democrat Senator Andrew Murray.
