Vic: PM to blame for rates rise, Lenders says

AAP General News (Australia)
08-08-2007
Vic: PM to blame for rates rise, Lenders says

Victoria's new Treasurer JOHN LENDERS says today's interest rate rise will add 65 thousand
dollars to the life of an average mortgage .. and is a result of the prime minister's
poor management.

Mr LENDERS says the rise defies a promise by JOHN HOWARD .. that under his stewardship
Australians would be in good economic hands.

He says Mr HOWARD's desperately trying to blame the states .. but state debt wasn't
mentioned at all in the Reserve Bank's reasons for the rate rise.







The Reserve Bank's raised interest rates to six and a half per cent .. its highest
level in 10 years .. citing rising inflation and a strong economy.

AAP RTV kl/gfr/rt/bart

KEYWORD: RATES LENDERS (MELBOURNE)

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