The interest rate rise is a political wild card
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The Reserve Bank, as expected, has thrown its wild card into the election campaign, but neither government nor opposition can be sure which side will be more damaged, or advantaged, by it.
Tuesday’s interest rate rise had been anticipated, was inevitable, and is the result substantially (though not entirely) of external forces. As to its...
