Rates will rise says government

The treasurer Wayne Swan yesterday said that interest rates will go up as the government withdraws its economic stimulus programs from the economy. "As the stimulus is withdrawn, there will be adjustments on interest rates," Mr Swan said.

From December the 50 per cent rebate for small business investments will end. The boosted first homeowners' grant will also be scaled back by the end of 2009.

Source: Sydney Morning Herald

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