Labor's secret war on borrowers: Why every other nation is getting rate cuts except for Australia and who is to blame for YOUR mortgage pain, writes STEPHEN JOHNSON
The Reserve Bank of Australia this week refused to cut interest rates - despite the fact tens of millions living overseas are getting much-needed relief. And The Reserve Bank of New Zealand has cut rates twice this year. But in Australia, Reserve Bank Governor Michele Bullock has in fact talked up the prospect of another rate hike - fearing a renewed inflation spike. 'The rest of the world put their interest rates up sufficiently to bring down the inflation rate, whereas we didn't,' he explains. But that is a number the Reserve Bank is particularly worried about.
Source: Daily Nation November 06, 2024 17:11 UTC
