|
|
||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||
Watching the squeeze.Major rises in interest rates occurred in 1988/1989. As Paul Kelly wrote in his book 'The End of Certainty' "a 21 month period from April/May 1988 in which interest rates were tightened and progressively and belatedly until cash rates peaked at 18.5 per cent and home loan rates were around 17 per cent." |
|||||||||||||||||||||||||||