What will interest rate rise do? Crush the economy. A 0.25%...

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    What will interest rate rise do?
    Crush the economy. A 0.25% increase will see retail sales worsen and perhaps tourism on a local level.

    With stagnant wages and unavoidable costs rocketing (water, electricity, gas etc) something has to give.....and somehow I don't think employers are going to help with a wage increase.

    Investors and FHB who are on the edge will list their property for sale and prices will come off as supply outstrips demand.

    Whislt clearly interest rates need to increase over time, without wage increases and downward pressure on living costs, now is not the time.
    But alas.... those guys/girls in their ivory towers on their big incomes wouldn't have a clue.
 
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