Banks shouldn't raise rates: Costello (Hastings Gazette)

Story date: 2007-10-23 03:07:29
Added on: 2007-10-23 18:00:22

Banks have no justification for raising interest rates because of the US sub-prime mortgage crisis, Treasurer Peter Costello says. With a federal election in less than five weeks and an interest rate rise perhaps a fortnight away, Mr Costello put lenders on notice.


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