Inflation Rise Confirms a Rate Rise

interest rate rise||short term loans

Kevin Rudd admits record low rates are certain to increase after an inflation rise of 2.1%.

The inflation rate has economists tipping a fourth consecutive interest rate rise when the Reserve Bank meets next Tuesday.

Figures from the Australian Bureau of Statistics reveal headline inflation rose 0.5% in the three months to December, for an annual rate of 2.1%.

Mr. Rudd said interest rates would obviously rise again.

He said interest rates had dropped in the wake of the global financial crisis, but the government’s stimulus strategy had helped keep the economy going.

“Australia was the only advanced economy in 2009 not to go into recession,” he said.

JP Morgan economist Helen Kevans said borrowers should prepare for another rate rise.

If you are already facing financial difficulty, and if increasing interest rates could possibly tip you over the edge, you should act quickly to find the financial solution you need. The Australian Lending Centre is a specialist in debt consolidation and a leading supplier of home loans, personal loans, business loans and debt consolidation loans.

At the Australian Lending Centre you’ll find it easy to compare interest rates. Whether you’re looking for a mortgage to buy a home or you need a debt consolidation loan to pay off your credit cards, we offer competitive interest rates for each type of loan.

To enquire about a suitable debt solution that is tailored to your individual circumstances, simply fill in an express enquiry form to your right or call to speak with a debt consultant today on 1300 138 188.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

what is debt management
Debt Management
Jack Richings

What Is Debt Management?

Ultimate Debt Management Guide – We discuss the difference between good vs bad debt & give tips on how to escape debt. Find out what is debt management here…

Read More
debt free
Debt Consolidation
Jack Richings

10 Steps To Get Out of Debt

As daunting as it may feel, there are ways to escape debt (and it’s easier than you might think). Read our 10 steps to get out of debt!

Read More