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Are higher interest rates looming ahead of the election?

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Talking Business is a podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics.

Are higher interest rates looming ahead of the election?

RMIT economist Sinclair Davidson talks about the employment figures and Australia’s current account surplus.

While it’s good news on the surface, it signals interest rate rises which he predicts will come in August, coinciding with the federal election.

He also predicts that banks will raise their rates even higher than the RBA rate.

Press play to listen.

[podcast]http://itunesu.its.rmit.edu.au/sites/default/files/itunesmedia/tlkbus24b.mp3[/podcast]

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Garry Barker and Leon Gettler both have established careers with ‘The Age’ newspaper, where Garry Barker is its Technology Editor, and Leon Gettler is a Senior Business Journalist. Gettler also works freelance on a number of other publications.