Interest rate rocket rides

And the other article that got my attention this week was about rising interest rates. Again.

The Reserve Bank lifted rates by 0.25%. My bank then lifted rates by 0.29%. After an earlier rise of 0.1%. I've only had my home loan for 18 months and already rates have gone up almost 2%. It's beginning to hurt.

I've already said that this is my year for not spending money. I don't think that's going to be a choice, really, since everyone is expecting at least one more rise in the next month or so.

Can I still blame John Howard for this??