Fed:Strong case for rate rise ahead of central bank meeting

AAP General News (Australia)
04-03-2007
Fed:Strong case for rate rise ahead of central bank meeting

Homebuyers and the government will be on tenterhooks .. awaiting the outcome of today's
Reserve Bank meeting.

Economic data released yesterday pointed to the need for another interest rate rise.

Strong retail sales .. and a surprising leap in building approvals in February .. have
again highlighted that last year's three interest rate rises have done little to curb
activity in the economy.

Financial markets are now allowing for a greater than 50 per cent chance of a 0.25
per cent rate rise tomorrow morning.

AAP RTV cb/sb/crh/psm/

KEYWORD: ECONOMY (CANBERRA)

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