Business Investment
This increase is the latest confirmation that Australia has entered its recovery phase — emerging from the global turmoil, without experiencing a technical recession.
h3. But what does this mean?
In an earlier article, you read about the likelihood of future increases in interest rates — which will probably start later this year. And this could see mortgage rates jump about 2% by the end of 2010.
Given the high probability of inflation running out of control, you need to think seriously about locking in your interest rates — ideally for the next 6 to 8 years.
