Here's Something You Probably Didn't Know
The Reserve Bank of Australia put interest rates up by 25 basis points to 3.25 percent yesterday.
What the chuffing Nora has that got to do with anything Nogger, I hear you ask.
Well, it's quite shocking when you think about it. Such a relatively low interest rate, wouldn't we all have loved to have had a 3.25% mortgage for the last twenty years, just happens to be six and a half times better than what your money gets you here in the UK.
Suddenly anywhere that's safe and offers the dizzy heights of 3.25% looks mightily attractive for investors.
So much so in fact that the Ozzie dollar hit its highest level against sterling since early 1985 yesterday.
Still, who's got the ashes eh?
What the chuffing Nora has that got to do with anything Nogger, I hear you ask.
Well, it's quite shocking when you think about it. Such a relatively low interest rate, wouldn't we all have loved to have had a 3.25% mortgage for the last twenty years, just happens to be six and a half times better than what your money gets you here in the UK.
Suddenly anywhere that's safe and offers the dizzy heights of 3.25% looks mightily attractive for investors.
So much so in fact that the Ozzie dollar hit its highest level against sterling since early 1985 yesterday.
Still, who's got the ashes eh?
