Economic growth will trigger rate rise in August: Westpac

By David Olsen · 22 July 2010 · Cashflow

Rate Rise Looms: What's Next for Your Finances?

Westpac's warning signs are flashing bright - a rate rise could be just around the corner. Will you be prepared when the market shifts?

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Summary

Westpac’s Melbourne Institute Leading Index has peaked, but will remain well above the long term trend of 3 percent over the next three to nine months, triggering fears of a rate rise in August.

Tags: Bill Evans, Economic Growth, Interest Rates, Melbourne Institute, Reserve Bank, Westpac