Australian Interest Rate Change

Australian home owners are getting a little more nervous as interest rates were raised by a quarter point, from 5.25% to 5.5%. Just after the rate rise news the government brought out data to confirm weak growth figures in the final two quarters of last year.
Australia makes a move on rates
"Australia's central bank raised interest rates on Wednesday for the first time in over a year, looking ahead to inflationary pressures rather than back at data showing economic growth had slowed to a snail's pace." CNN