Tuesday 23 October 2007

Inflation number could be the election decider in 2007

This is the first time that a rate rise has been mooted during a Federal Election campaign.
 
However, although financial heavy Goldman Sachs JB Were is concerned about inflationary pressures it is predicting that the Reserve Bank will try to avoid raising the interest rate during such a politically sensitive period.
 
Presumably that king hit on small business and working families is likely to come soon after polling day.
 
Coincidentally, until he first stood for election Malcolm Turnbull was a partner in the Goldman Sachs group.

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