The Reserve Bank met this month and I’m sure you’ve heard that they raised rates by another 0.25%. This was generally as expected as they tend to have several quick rises in a row for shock value. The good news however is twofold.

One, rates are still well below what they were only a short 2 years ago and second, the Reserve Bank don’t meet again until February.

Small rises now will actually help keep rates from rising out of control later.

I would like to take this opportunity to wish all Negotiator clients and friends a happy and safe festive season and happy new year. It’s been an absolute pleasure organising your finance and helping you build your wealth in 2009. Looking forward to seeing what 2010 brings.