Yesterday the Reserve Bank lifted interest rates and its impact will almost immediately be felt across middle Australia. Obviously the Liberal party will be saying one thing and Labor another! Also what about the role the Reserve Bank has played over this whole crisis?
When can the Labor Party be blamed?
At what level do you think Interest rates could get to where you could possibly blame the Labor Party for its economic management? 4,5,6,7%?
Coming off Spring, what effect will Interest rates play on the modest rises in property across the board? Is another boom possible? Or will it get worse and will we see another mini bust?
The Reserve Bank
Should we trust the Reserve Bank? Should the Reserve Bank be held accountable for its practices and if so, by who?
Look forward to your feedback!