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2008 March 15 Archives - News Weekly

Issue 2008 March 15

Articles in this issue:

  • THE ECONOMY: Higher interest rates the wrong way to cut inflation

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    THE ECONOMY: Higher interest rates the wrong way to cut inflation

    Patrick J. ByrneMar 15, 20084 min read

    Cutting government expenditure by about $30 billion would be the most effective and direct way to cut inflation rather than raising interest rates and inflicting mortgage stress on home-owners, writes Patrick J. Byrne.The Reserve Bank of Australia (RBA) has raised interest rates for the 12th time since May 2002. The early rises were a rebound after interest rates were slashed to record low…

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