Oh dear, it's those interest rates again

Hard on the heels of the Howard-Costello announcement of a $34 billion tax cut plan, some leading economists and the ANZ Bank are predicting these cuts will put upward pressure on demand, prices, inflation and almost inevitably, interest rates.

Last Tuesday The Australian reported that financial markets believe that there is a 47% chance that interest rates will rise before the end of the year. Again.

Yeah. Just what we all wanted for Christmas, John.