Fed: no rate hikes and continued Budget surplus essential - ACCI

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Fed: no rate hikes and continued Budget surplus essential - ACCI(EDS: EMBARGOED UNTIL 0001 AEDT, WEDNESDAY, JANUARY 2)

The Australian Chamber of Commerce and Industry has called for no further increasein official interest rates during the whole of 2002.

In its economic wishlist for the new year, ACCI also urged the federal government notto sent the Budget into the red, warning a deficit would profoundly undermine Australia'seconomic prospects.

ACCI president DAVID GRAY says the coming year has the potential to be a …