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Economic update

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Interest rates on the rise, as predicted - and there's more to come.

As predicted in October 2008, interest rate cuts and stimulus packages have done their job, Australia has avoided a recession and now interest rates are on the rise again. All those economists who were predicting a prolonged slump have now changed their tune and agree that rate rises are inevitable and justified. It's a matter now of how many rate increases, and when. Business should be looking at the positive conditions that have led to the rises, not the potentially negative effects of them.
  

Topics: Economy, Financial Management, Management


Professor Neville Norman, Melbourne University