Mortgage News

Economists bring rate hike forward

Wednesday 12th of November 2003
Some economists expect the Reserve Bank could start increasing interest rates as early as December following much stronger than expected employment figures, which showed the unemployment rate at a 16 year low at 4.4%.

Previously, most economists hadn’t expected a rate increase until the second half of next year.

They had been expecting the unemployment rate to rise to 4.9% and for employme...

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