Interest rates would have gone up regardless of who won the last election. If Labor was in power, the Liberals would be ripping their throats raw blaming them for the last four raises. As the Liberals are still in power it's "the Reserve Bank ... sets interest rates in this country".

The Age has an interesting theory:

The political equation is simple: the more rates rise this year, the more likely they are to fall next year as we head into an election.

The Age suggests John Howard has said he thinks the next change will be down rather than up. I can't find the quote, and saying as such seems pretty brave. Perhaps they have more control over rates than they let on...

Even if rates do go up, I've said it before, it seems the Libs could all turn into a vampires and eat an entire studio audience and still get the votes needed to stay in power.

Although it seems the tide has turned in the US elections. I wonder what pushed "them" over the edge to vote for the other side? Looking at some of the Democrats over there though I'm no so sure they're any better.