"Everyone needs to understand that when the Government is out there borrowing $100 million every single day, there is going to be upwards pressure on interest rates.
Since then the cash rate has gone from 4.25% to 2.75%. The average mortgage rate has gone from 7.4% to around 6.2% (the lowest they’ve been for 10 years). Don’t you hate it when the economy turns out to be more complex than a sound bite?"
