Sunday, 06 July 2008

More rate hikes on the way: Commsec

Joel Labi

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9/05/2008 8:10:00 PM.

We still have not seen the last of painful interest rate rises this year if the Reserve Bank's latest statement is anything to go by.

After sparing mortgage holders another hike this week, the board said inflation would not start dropping till the middle of 2009.

Sevanth Sebastian from Commsec said that can only mean one thing.

“We do expect that there is a significant boast to our terms of trade from the coal and iron ore exports and the promised tax cuts in the federal budget which will be delivered next Tuesday,” he said.

“We’d also like to nullify the effects of the slowing economy, so another rate hike we believe is on the cards.”

Macquarie National News

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Comments

Sunday, 11 May 2008

Dear Deluded Liberalites! Hullo we have an INFLATION problem not caused by RUDD.He is trying to fix it otherwise we all will suffer.Forget Politics it needs to be addressed!We can stick our head in the sand like Howard did and proclaim we are the greatest Economic managers or we can get behind Rudd and Treasury who are trying to reign Inflation in before it gets too bad.

Posted by: Paul Keating, Dapto

Sunday, 11 May 2008

A diluted Paul, also Swan said that he will spend 2.3 billions on so called "climate change". That will mean two things - energy costs will rise and also there will be inflation as a result of this huge spending. Yeah, your master Rudd & Co is failing miserably to control inflation which promised to "put downward pressure on". At the same time he tries to rip off the hard working rich and give it to the bludging so called "working families". Yeah, he is a modern Robin Hood with deception.

Posted by: W O, Turramurra

Sunday, 11 May 2008

Dapto, if Rudd was serious, he's had 6 months to "cut" spending. He could have had a mini-budget on Dec 1st. But he didn't (better to give Victoria $3bn etc etc etc). Inflation is an "issue" but it is not a "crisis". Swan is making it a "crisis" and regardless of your political persuasion, THAT is the key problem. All the tax increases implemented by Swan thus far are inflationary...particularly the diesel tax. Swan is not serious about inflation. Fortunately he will not be treasurer for long.

Posted by: Geoff Bolton, Lane Cove

Sunday, 11 May 2008

Oh come on Comsec.Rudd and Swan are going to fix the inflation genie with the Budget that they are bringing down. They have been telling us that they are going to put downward pressure (funny that I thought that hot air actually rises) on inflation and then that naughty Mr. Stevens from the RBA will not have to put up interest rates .Labor will undo all the evil perpetrated by that bad boy John Howard and his accomplice Peter Costello and every one will live happily ever after.

Posted by: Desmond Harris, Beacon Hill

Friday, 09 May 2008

These rate rises are a direct result of the bad handling of the economy by Swan and Rudd.

Posted by: Indie Fatigue ah Ball, Carramar/Sydney

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