Raising rates during an election campaign is a first for the Reserve Bank and further breaks promises from the Coalition that they will keep interest rates low. But with inflation rising and continued uncertainty in the US subprime market, will voters take a risk on the relative inexperience of the ALP?
Subprime market
The subprime mortgage mess keeps wreaking havoc
The toll of companies caught up in the subprime mortgage mess continues with two more German financial institutions hit late last week and the huge French-owned Axa insurance group, which operates here, revealing the $1.2 billion bailout of a two bond funds.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
