Normal
The 50 BPS interest rate rise was the first time in 20 years that the RBA has done a 50 BPS rise (they have done a few 50BPS cuts, but that is another matter).Its also almost 20 years there was any kind of rate rise.So there must be a lot of home buyers out there who have never had the sticker shock of a rate rise.Will be interesting to see what happens with spending.Mick
The 50 BPS interest rate rise was the first time in 20 years that the RBA has done a 50 BPS rise (they have done a few 50BPS cuts, but that is another matter).
Its also almost 20 years there was any kind of rate rise.
So there must be a lot of home buyers out there who have never had the sticker shock of a rate rise.
Will be interesting to see what happens with spending.
Mick
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