Interest Rates over the past 20 years

[exstatic]

Hey all, found this article and handy little graph today on the news.com.au site.

It gives a nice clear overview of how rates have been over the past 18 years or so.

http://www.news.com.au/business/money/feature/0,,5016109,00.html

Since I am relatively young and never really took notice of the economy in the late 80s/90s, what was it that caused such high interest rates and the recession 'we had to have' .. and not to be to much of a D&G'er but do we think the government can control it this time?

 

[plusnq]

Hi

The RBA and ABS have a lot of historical data freely available.

Here is a spreadsheet of historical interest rates from the RBA.

http://www.rba.gov.au/Statistics/Bulletin/F05hist.xls

Brief overview (political)

http://www.theage.com.au/news/Opini...-that-recession/2005/02/08/1107625206096.html


http://www.theage.com.au/news/busin...-we-had-to-have/2006/12/01/1164777791623.html


Cheers

Shane

 

[ianvestor]

It's interesting how the banks' spread has decreased since '93.