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20/05/21

11:04

Post #: 53299157
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Originally posted by Bruno81: ↑

If intrest rates do rise in the US this year due to the obvious inflation, doesn't Australia borrow a lot of its money from the US money markets? And if so the cost of that money will increase? Meaning it has to be passed on to the customer through the banks? I know Australia isn't as far down the debt road as the US but if their intrest rates do go up we're screwed, as will many other parts of the world.

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Originally posted by Bruno81: ↑

If intrest rates do rise in the US this year due to the obvious inflation, doesn't Australia borrow a lot of its money from the US money markets? And if so the cost of that money will increase? Meaning it has to be passed on to the customer through the banks? I know Australia isn't as far down the debt road as the US but if their intrest rates do go up we're screwed, as will many other parts of the world.

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