Well there are two worrying signs that this debate will go to the negative – Up.
First, the Consumer Price Index (CPI) figures for the September quarter were worse, rising 1.2%, than the expected rise of only 0.8%.
Second, and more concerningly, the first of the lenders just sent advice to the broker market that as of Monday 28th October 2013 “our 3 Year Fixed Loan interest rate will increase by 0.10% p.a.”. Not much notice given today is the 25th October, which seems even more worrying as to what their expectations are for the future of interest rates.
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