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Not Again!

February 5th, 2008 at 12:49 am

Just seating here watching the news and waiting to see whether the reserve bank will increase the rate again. Some are saying that they might increase it another 1/2 percent. it was only last month the the bank (without the reserve bank increasing it) increase their rates. So it could mean another $50 increase per month.

The reserve bank is force to increase it because of inflation rate is getting out of control.

Luckily, we should be getting at least 20K+ next month, which we will put in the mortgage.

Posted in Random Talk | 4 Comments »

4 Responses to “Not Again!”

  1. reflectionite Says:
    February 5th, 2008 at 01:00 am 1202173218
    1202173218

    yeah, my car loan is an unfixed one and the rate is going up for me too Frown luckily i have set payments, it just means it takes me longer to pay it off (IF i was one of those silly people that only pays the minimum repayments... which i'm not!)

  2. Broken Arrow Says:
    February 5th, 2008 at 01:59 pm 1202219957
    1202219957

    Do you mean decrease? They had an emergency rate slash of 75 points not too long ago, and then added another 50 on top of that! And then the stimulus package?

    Although it's possible that they may increase it, I'd be a little surprised after they did all that.... Not that I'd mind. Big Grin

  3. mulyanto Says:
    February 5th, 2008 at 04:34 pm 1202229298
    1202229298

    No, I think the Aussies had an increase yesterday. They say it's to stave off inflation. That is good for savers...

  4. reflectionite Says:
    February 6th, 2008 at 05:39 am 1202276376
    1202276376

    yes we had an increase. teehee. there ARE other countries out there you know! :P

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