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Noel News  Thousands of candles can be lighted from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared. BUDDHA Welcome to another newsletter I started the last newsletter discussing interest rates and the rise of 50 basis points last Tuesday, taking the cash rate to 2.35%, confirms my opinion that rates are moving upwards. The Reserve Bank wants to get rates at a level which it regards as normal and will keep increasing rates by 50 basis points every month until that target is reached. Many economists think that 3.35% will be that target but I reckon it’s nearer 4%. So much will depend on inflation, but when you consider that petrol prices will rise this month as the government subsidies are removed, and life in Europe can only get worse as winter draws near, it’s hard to see any ...