Wednesday, 17 June 2009

Don't squash a recovery, guys...

Don't let me scare my readers when I mention the words rising interest rates.

That's probably not going to happen until the end of next year when unemployment stops rising. We're in the middle of a welcome breather for those who need to borrow money to invest or buy property, thanks to the GEC (Global Economic Crisis), even if the banks aren't all that happy about lending for either purpose at the moment!

Anyway, Ross Gittins at SMH has something to say about the Commonwealth Bank's rate rise yesterday: these are skittish times, and don't scare the investors away by sending the message that rates are about to head up any time soon.

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