Imports and Dollar strong so No Rate rise
Posted
@ Nov 1st 2004 12:15pm
- By GCPN Property Network
Home borrowers have again been spared an interest rate rise this week in spite of another surge in imports, and economists believe we can breathe easy until well into next year.
Falling prices for food, medicines and cars have helped keep the lid on inflation despite soaring petrol prices, taking pressure off interest rates.
The annual rate of inflation dropped to 2.3 per cent in the September quarter from 2.5 per cent, the Bureau of Statistics said.
.