Login
ISCOVER
Aussie Home Loans has called for the Reserve Bank of Australia to hold official interest rates at its meeting tomorrow.
Executive chairman of Aussie John Symond said that despite economic improvement expected in 2010, credit is still in very short supply.
“We are heading into the crucial Christmas retail season and a rate hike will hurt sales and create further concerns for households,” Mr Symond said.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
“The Reserve Bank needs to be very cautious in lifting rates prematurely, having regard to the ongoing uncertainty and widespread economic problems still being experienced around the world,” he said.
JOIN THE DISCUSSION