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Originally Posted by tornhelm
Thats the way it works, but amongst the midst of the Liberals slander campaign, they said that under Labour interest rates would rise and the only way to stop it would be through a Liberal govt. Which is kinda amusing since not even a week after the election the interest rates did rise.
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I can't see anything on the RBA website about a rise - the age article above basically says it is on the cards - not that it has happened.
Even from an economics point of view - a strong economy does not equal low interest rates. In fact the opposite is true - rates are raised to slow down a strong economy, and dropped to make the economy stronger.
It also has so much more to do with global markets/forces than local govt policy.
The whole thing about interest rates was nothing but crap to scare dumb australians.