Interest Rate

After about 17 months on a flat curve the Reserve Bank has raised interest rates .2% to 5% I'm not 100% sure but I think I heard Crean carp about This raise will make it more difficult for first home buyers to get a home. If he means more difficult than when Labour had the keys to the treasury I'd tend to agree...18% was a bit hard. And the old chestnut...it's the GST's inflationary pressure that does it. We're all being conned. The fact that countries without VAT/GST such as the US are also raising interest rates doesn't compute with Simon. Free advice for Crean. Never ever mention the economy, interest rates or GST. Get over it and go back to bleating about kids in cages that your mob built.