Whoopsy, I thought it was tax cuts that would raise interest rates.

[Imported from Whale Oil Beef Hooked on Blogger]

Looks like Mortgage interest rates on on the move….upwards.

And here was I thinking that only tax cuts would cause this to happen…oh silly me.

ANZ Bank economists said yesterday they expected the Reserve Bank to lift official interest rates from 6.75 per cent to 7 per cent on October 27, with a “material risk” of another move in December.

The Reserve Bank has been warning of higher interest rates for most of the year but has not moved rates up.

“Now there is almost no escaping what they need to do,” ANZ National Bank chief economist John McDermott said.


Do you want ad-free access to our Daily Crossword?

Do you want access to daily Incite Politics Magazine articles?

Silver Subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

39%