Kevin Rudd has nothing to do with rate increases, rates have been on the up for quite sometime during the Howard Govt time in office.
The issue is Australians are spending, we all know the story, inflation is over the RBA band of 2 to 3%.
If rates do not increase to reduce inflation then we will be in a wose position.
The Banks have increased rates independent of the RBA, but be assured if inflation increases again this quarter there would most likely be another rate increase.
