Richard Farmer's Daily Email Briefing

Timely insights into politics every weekday.

FREE trial

ACCESS BACK ISSUES
HERE

NEWS AND VIEWS
Australia

Other Countries

Another Rate Rise to Tarnish a Reputation

Friday, 14th July, 2006

The newspaper economics experts have written this morning that the dreaded markets are putting an 80% chance on the Reserve Bank raising interest rates in March by another quarter of a percent. If that actually happens then the drop in support for the Government which should follow the leadership kerfuffle will accelerate.

And accelerate in a dangerous fashion for the PM because Labor will use it to remind the people of all those pre-election words about interest rates being lower under the Coalition. Labor is on safe ground attacking Howard as a man who cannot be relied on to tell the truth. Peter Costello has seen to that.