Interest Rates on Hold and Retail Spending in the balance

Is it going to Provide relief for Australian Battlers?

We had Interest rates left unchanged today which is huge relief for all the big retailers.
They were nervous with all the homeowners being very tight for money at the moment.
With all the past rate rises, people are not having surplus cash flow to spend at the shops and
are battling to make the mortgage payments.

January is going to be a big month for the economy with it possibly showing the way for 2011.
The rates will be left unchanged in January so the retail spending will pave the way for the February meeting of the federal
reserve bank.

The big problem still remains though, with all the successive interest rate hikes how are people going to
move forward if the property market is flat and their mortgage payments are continuously increasing?

Only Time Will Tell

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