Wednesday, April 04, 2007

Dodgy headline of the day

At 9;30am, the RBA announced interest rates were unchanged. This was greeted throughout the media as a massive relief for home-owners, which is a fairly sensible interpretation.

But sometimes, newspapers prepare headlines before an actual event occurs. And it looks like The Australian really should re-think this headline:

Homeowners suffer rate pain

10.36am (AEST) THE central bank has today left the official cash rate on hold at 6.25 per cent but Australian households are still suffering interest-rate pain and coudl be forced to sell their homes, a survey reveals.