Steve Kates - Rising Interest Rates - Talking Business 2010, Ep 15b

A review of the week in business, with expert analysis and commentary

RMIT economist Steve Kates says that the interest rate rise is justified but says the data suggests the building construction will plateau. He says the rate rises will result in more mortgage stress which will have an effect in other sectors as people adjust spending to straitened times. He attacks the rent resources tax, saying it will drive miners overseas and hurt the Australian economy.

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Garry Barker and Leon Gettler
RMIT, Business, Economics, Steve Kates, interest rate, construction, rent resources tax.