Higher interest rates for all of us seem guaranteed.The current bout of inflation is very sticky and IMO, the RBA can wave good bye to 2% inflation for at least a couple of more years.It will be good to see the back of Lowe Homeowner warning as Philip Lowe's protégé hints at more aggressive interest rate hikes (msn.com)The Reserve Bank's 4.1 per cent cash rate is the highest since May 2012, but the U.S. Fed's equivalent funds rate is at 5 to 5.25 per cent, the highest since 2006.A bigger spread between Australian and American interest rates can weaken the Australian dollar - now at a below-average 67 U.S. cents - and make imports more expensive, adding to inflation.
