"Reserve Bank defends Rate Hikes"

[ani]

The Reserve Bank governor Ian Macfarlane today defended rate hikes that have brought the Australian property market crashing back to earth.

The Reserve Bank governor,Ian MacFarlane, speaking before House of Representatives Standing Committee on Economics, Finance and Public Administration in Brisbane.


http://www.propertyreview.com.au/archives/03122003/headline/08122003001.html

 

[MarkB]

For those interested in all that Ian McFarlane had to say please refer to this link.

MB

 

[RPI]

Thanks for the links. I still can't beleive the hype over this still historically low rates, but I'm not complaining if it keeps them low.

Darryl