Interesting 'left field' scenario outlined in the article below.
Australian banks reliance on offshore wholesale money markets, because domestic deposits aren't sufficient.
So what happens to variable home loan rates here when overseas interest rates start to rise....even if domestic rates don't move up?
http://www.google.com.au/url?sa=t&r...TFtUFBLdt2qo2gyrSpS4xiQ&bvm=bv.96339352,d.dGc
Housing market facing 'bloodbath' collapse: economists, page-70
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