Interest Rates Going Down? Don't Bet On It.

Inflation won't be tamed any time soon - Moody's

Moody's, the international ratings agency, yesterday poured cold water on hopes that inflation would soon be tamed.

It said household spending could have more steam than initially expected, raising the possibility that inflation may remain outside the Reserve Bank's target band of between 3 percent and 6 percent for longer than previously thought.