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Thanks for bumping this. Fresh off the presses (well, yesterday's presses):
| quote: | Rates hike on radar as prices rise
By Josh Gordon
Economics Correspondent
Manufacturing prices are rising at the fastest pace for 19 years, raising concerns that the economy is getting dangerously hot and increasing the odds that the Reserve Bank will be forced to lift interest rates to keep a lid on inflation. |
http://www.theage.com.au/articles/2...8667692967.html
But I thought if we re-elected Howard the interest rates would stay low for ever? You know, because he apparently has some magical control over the RBA's monetary policy that Latham doesn't have? Or was this just another one of his "non-core" promises?
Bloody iberals...
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