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Reserve Bank Of Australia interest rates may rise in Novemeber 2007

Posted by Adrian on October 22, 2007

The CPI is due out on the 24th October Wednesday 2007, a very good chance the CPI will indicate high consumption and high price inflation. Inflation in Australia is becoming like a run away train. Housing affordability is at an all time low, rent, food, fuel and general living expenses are all rising. Unemployment is low, so generally there is overall high inflation in the Australian economy.

The RBA will lift interest rates in November 2007.

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