Who is to blame for interest rate increases?
Evidence this morning adding to what we already have that the economy is neither the electoral asset nor the electoral liability it once was, and that interest rates are not a major political issue.
A Galaxy Poll reported in the News Ltd tabloids asked
If interest rates rise again in the near future, which of the following do you believe is mainly to blame?
The political answer, John Howard, received blame from only 12% of respondents - 17% of Labor voters and 3% of Coalition voters. The other responses were ‘international factors’ (37%), the Australian economy (30%), and the Reserve Bank (14%).
