Good news for home owners

This seems to be there are some different interpretation for the indicators and prediction on future interest rate. Some economists said that RBA is going to increase cash rate due to consecutive two quarter of inflation and the risk is still there. Some analysts have argued the central bank's decision to lift the cash rate six times between October 2009 and May 2010 has given it enough room to sit on the fence. However, the CPI for the second quarter is unusual. It shows an increasing trend although the prices of food, insurance and electricity drop. Economic growth of Australia also higher than expected and the current account deficit improves from $16billion to $5.6billion.