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Article: Economists warn of rate rise risks.(interest rates, Reserve Bank of Australia)(Brief Article)
- Article from:
- Australasian Business Intelligence
- Article date:
- February 28, 2005
- Author:
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Feb 28, 2005 (Herald Sun - ABIX via COMTEX)
Some economists feel that a rise in Australian interest rates would risk a recession. It is expected that the Reserve Bank of Australia will increase interest rates by 0.25 per cent on 2 March 2005. Some economists feel that a rate rise is needed to avert growing inflation. Australia's trade deficit rose again and exports fell in January. New home sales are at a low level but borrowing was still strong. Some economists argue that it would be a mistake to increase interest rates at this point.
Publication Date: 1 March 2005
RESERVE BANK OF AUSTRALIA:
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