peteg's blog - noise - politics - 2006 08 08 interest rates

Howard on interest rate rises.

/noise/politics | Link

According to the Smage, John Howard says: "last week's interest rate rise was not something that anybody in the community welcomed". I'm not sure what community he's talking about here, but the mortgage-free money-in-the-bank crowd are cheering, as are those who benefit from the resulting increase in the exchange rate.