CPI good news
Thursday, January 21st 2010, 8:00AM
The mortgage rate market continues to be quiet at the moment and there are signs it will stay that way. The Consumer Price Index, for the December quarter, fell 0.20% from the previous period.
The prevailing view is that this number will ease some of the pressure on the Reserve Bank to raise its official cash rate as inflation is not a major problem.
The big news of yesterday was around the Tax Working Group and what its ideas mean for property investors. This piece has some good information, and we also question whether the Nats would really whack property investors.
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