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RBA and the Cash Rate: As expected, on Melbourne Cup day the RBA increased the Cash Rate by 25 basis points, causing a flow-on to most forms of credit. It was a historic rate rise given the fact that it occurred during an election campaign. Looking Ahead into 2008: According to the latest ASX newsletter "economists are tipping two or three more interest rate rises over the course of 2008". Please seek independent financial and legal advice where necessary. For obligation free comparison reports, please call: 02 8021 2798 or send an emailed request here to have one of our qualified consultants call you. 
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