Mortgage Rates to Rise: Good Luck Selling That

Wouldn’t you love to be working in the PR department of one of the big four this week? You already had your work cut out. Not passing on the RBA rate cut was never going to look good and the papers were already salivating at the abuse they were going to hurl at your employer. Then big Glenn Stevens drops a bomb: the RBA won’t be cutting rates at all. Some say Stevens is actually Jim Grant in disguise. He certainly sings a different tune to 'Zero Percent' Bernanke and the markets, where a rate cut was predicted by...

Wouldn’t you love to be working in the PR department of one of the big four this week? You already had your work cut out. Not passing on the RBA rate cut was never going to look good and the papers were already salivating at the abuse they were going to hurl at your employer.

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