Essential Report

Interest Rate Rises and the Economy

Nov 9, 2009

Q. Do you think the recent increase in official interest rates indicates that Australia’s economy is getting better or getting worse?

%
Economy is getting better 53%
Economy is getting worse 12%
Neither 28%
Don’t know 7%

Just over half (53%) think the recent increase in official interest rates indicates that Australia’s economy is getting better, 12% think it is an indication that the economy is getting worse and 28% think it is not a sign that the economy is getting better or worse.

Labor voters were more likely to think the interest rate rise is a sign that the economy is getting better (61%), while Coalition voters were a little more likely than the average to think that it is a sign that the economy is getting worse (18%).  48% of Coalition voters think that the recent interest rate increase is a sign that the economy is getting better.

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