australian intertest rates about to soar, page-3

As I said the futures market already has 1 month rates at 6.93%...the cash rate is 6.5% so looks like they think rates need to rise nearly 0.5% in a month.

"Based on the survey it was possible headline consumer inflation could rise 1.37 percent in the third quarter, even more than the second quarter's 1.2 percent jump, said University of Melbourne economist Don Harding."

At that rate headline inflation for the year would be over 5%.

the reserve banks policy is to raise rates if they look like going above 3%...I just got a 30%+ pay rise over 3 years...food is rising rents are rising oil price is rising etc etc
Looks like rates need to substantially rise here ...we might have the highest rates in the western world soon..nice one johnny