New Zealand raises interest rates in October by 25 basis points, first rate rise in seven years.
Meanwhile Reserve Bank of Australia and Federal Government are in a weird Mexican standoff with each other because let's face it it's an election year and no one want to cool
a red hot property market which they created by lowering interest rates and lending money to banks at pretty much 0% interest.
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Why The Australian Property Market Is A Joke, page-21
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