Rates More Likely To Increase
January 19th, 2010
An increasing inflation rate is likely to cause the Reserve Bank to increase interest rates next month when the board meets in February SMH has reported. In 2008, the Global Financial Crisis caused a sharp downturn in the economy and it is considered by many to have bottomed out by the end of 2009. Now with the economy to be on the mend, the reflected increase in inflation figures is eventuating in interest rate hikes. Brokerage Oasis Home Loans Northern Beaches said anyone looking at entering the property market as an investor or new home owner should consider these increases as they most likely only head up.
Leave a Reply
You must be logged in to post a comment.