Tuesday, October 6, 2009

Murphy must have heard me :(

Well, we were the second most livable country in the world until 2pm this afternoon when our Reserve Bank raised official interest rates to 3.25%. It's supposed to be a good sign that indicates Australia is coming out of recession but all I can see is the extra money I'll need to pay my mortgage each week.

It's interesting how Banks always take weeks and weeks to pass on a reduction in official interest rates but it'll probably only take them a day or two to pass on this increase in official rates.

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