Cash Rate up by 25
I am sure I recall that helpful Dr Cullen telling us that if we voted National, then interest rates would go up.
Yet despite the forces of goodness keeping National out by doing a deal with Winston, Reserve Bank Governor Alan Bollard has increased the official cash rate by 25 basis points to 7.0% today.
And hey looking at the graph below, there seems to be, well you know, like a pattern.