Reserve Bank of Australia 1st to move with rate rise


Tuesday the RBA inceased the official interest rate from 3.0% to 3.25%. And the sky hasn’t fallen yet! Naturally, the big bad recession hasn’t been as bad as the media wanted everyone to believe. The rate increase is a sign of confidence that the Australian government expects a trend of continuing growth and recovery. Australia is the only country to pass an increase since the “GFC” kicked off. The effect on real people will be negligble…MSN Money expects the average mortgage repayment to increase by roughly $40-50 per month. If that much ruins your budget, then your budget needs re-doing!

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2 responses to “Reserve Bank of Australia 1st to move with rate rise

  1. So proud of your enterprise, Wordman!

    What is GFC?

    Today we went to a Rich Dad Poor Dad Seminar.
    Are you familiar? It is about entrepreneurship.
    You are right on track. Kudos

    • GFC = “Global Financial Crisis”! Thanks very much. Rich Dad is good stuff! Robert Kiyosaki is more comfortable with debt than I am, but he’s definitely got some good material!

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