smart property investment logo

Rates to play key role in election

By webmaster 20 July 2010 | 1 minute read

Interest rates are expected to play a key role in determining which party will win the next election.

According to TD Securities, both parties understand that the economy looms large as a concern for voters.

As such, both Julia Gillard and Tony Abbott are currently sharpening their credentials as economic conservatives.

Last week, Mr Abbott told journalists that he would, if elected, keep rates low.

"I say that interest rates will always be lower under a coalition government because spending will always be less under a coalition government," Mr Abbott said.


"I can guarantee that we will take the upward pressure off interest rates."

However, TD Securities Annette Beacher said that was probably not the wisest choice of words for Tony Abbott.

Speaking to the ABC yesterday, Ms Beacher said the RBA is independent and any politician that assumes they can change this independence is “playing with fire”.



Rates refer to a fixed price or an amount charged by sellers or providers for their goods and services.

Rates to play key role in election
spi logo

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.