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what if wages don't grow at the same rate as what? interest rates? wouldn't you need wage growth to support high inflation? I'm not exactly sure what you're saying, but happy to hear it. If inflation is becoming a problem, what in your opinion is causing it, and why won't rising interest...

OK I'm educationing myself... and bloody lovin' it :) So high interest rates are caused by high inflation rates, as high inflation rates erode the value of money. So a high interest rate in a time of high inflation wouldn't have the same effect as in a period of low inflation. What...

Does anyone know what economic conditions led to these rates? That might help to determine whether we are headed that way. I bought my first house in 2002, so didn't really take an interest in such matters in 1991.

"CBA said the rate rise will apply to a range of deposit and variable home loan accounts, effective Friday, and reflected recent increases in market interest rates and wholesale funding costs."

It's pretty interesting though isn't it... after the first few rises, alot of commentary was saying that this was just a 'shot across the bow' to keep inflation steady, but it hasn't worked so far. Interest rate is now 7.36% (well as from friday when CBA puts their rates up). In August 2008...

And considering his opposition, he will be re-elected as the best of a bad bunch... as they always are.