The Australian --- Page: 15 : 3 January 2008 Original article by Scott Murdoch
LexisNexis Summary
A rise in Australian interest rates is now more likely, because of greater liquidity in the money market. On 2 January 2008, money market interest rates declined. Analysts attributed this to central banks increasing liquidity. The fall in market rates makes it more likely that the Reserve Bank of Australia will raise the official cash rate in February. An increase would not be necessary if the main banks increased their variable lending rates. Fixed lending rates have been raised, but only Adelaide Bank has lifted its variable rate.
