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“It recently touched its highest level since 2002 because of worries about high inflation, the US government’s massive debt load, signals that the US economy is continuing to grow and other factors.”

“The Albanese government is under intense pressure to tackle elevated inflation following this year’s four interest rate increases and the threat of more to come.”

“In theory, a change in interest rates affects the borrowing and spending of the whole economy: households and businesses alike.”

“Chalmers said rapidly rising borrowing costs in Australia and other major economies would put “additional pressure” on the budget, with federal government debt recently passing $1 trillion.”

“The yield on the 10-year French government bond, for example, shot to nearly 4.95 per cent and then veered toward 4.80 per cent and back up to 4.90 per cent.”

“The RBA has now lifted interest rates by 1 percentage point over four separate increases this year in a bid to reduce inflation.”

“…ed having just started a rate-rising cycle, with the market pricing in at least three more 25 basis point increases over the next year, the threat posed to government and corporate finances posed by a significant increase in interest costs will only…”

“Those words are important … they mean that the Australian government deposit guarantee applies to money you hold in their offset accounts.”

“… the December budget update’s “problematic influence” would probably be “billions of dollars extra to service our borrowing costs”, two days after this term’s Intergenerational Report forecast higher taxes and debt if Australia’s productivity malaise…”