Interest rates already rising

The Dominion Post reports on how have risen around 0.5% since the budget. Home Owners not happy.

The most hilarious part was this:

On Sunday, Dr Cullen accused banks of talking up as inflationary out of self-interest …

Is this the same Dr Cullen who for several years attacked at every opportunity as being inflationary?

The same Dr Cullen who cancelled the chewing gum last year on the basis of them being inflationary?

You can’t have it both ways.

My position remains the same – it is the combination of both and which has an effect on inflation – and tends to have a greater effect as a portion of tax cuts will be saved.

Comments (19)

Login to comment or vote

Add a Comment

%d bloggers like this: