Interest Rates going up again

The Reserve Bank raised interest rates for the third month in a row, again by 0.25%.
So Kevin Rudd's prediction in July that official rates would rise by almost 1 per cent within the next 12 months is nearly achieved after just four months! It's looking as though his "almost 1%" was an underestimate.
Westpac caused a bit of an upset by immediately raising their rates not just by 0.25% but by 0.45%, blaming the real cost of borrowing money from abroad.