Brendan
30-05-08, 09:43 PM
Well it looks like rates are set to stay on hold amid netxt weeks RBA meeting according to this article
Economists say the RBA is unlikely to raise interest rates at its June meeting (http://business.theage.com.au/rates-to-stay-on-hold-economists-20080530-2jr5.html)
Which is great news for many, especially after a report was released stating that missed mortgage repayments are on the increase, and more and more families are starting to feel the pain of the rate increase - http://www.domain.com.au/Public/Article.aspx?id=1211654275067s%20west (http://www.domain.com.au/Public/Article.aspx?id=1211654275067&index=NationalIndex&headline=Defaults%20hit%20mortgages%20in%20city++3 9;s%20west)
What are your thoughts? Do you think the rates will rise again? Or is Australia starting to slow down enough to curb inflation?
Economists say the RBA is unlikely to raise interest rates at its June meeting (http://business.theage.com.au/rates-to-stay-on-hold-economists-20080530-2jr5.html)
Which is great news for many, especially after a report was released stating that missed mortgage repayments are on the increase, and more and more families are starting to feel the pain of the rate increase - http://www.domain.com.au/Public/Article.aspx?id=1211654275067s%20west (http://www.domain.com.au/Public/Article.aspx?id=1211654275067&index=NationalIndex&headline=Defaults%20hit%20mortgages%20in%20city++3 9;s%20west)
What are your thoughts? Do you think the rates will rise again? Or is Australia starting to slow down enough to curb inflation?