Joewolf, timely and interesting analysis from you as the man...

Joewolf, timely and interesting analysis from you as the man with the 'half full' mug, RBA Governor Phillip Lowe and his Board are starting to change their tune on interest rates. The latter was one reason why I sold out of ING. One bloke from NAB asserts rates may rise from 'late 2022': if I had to guess, there's a good chance this will occur much earlier in 2022.

This from 'The Australian' this morning:

"The Reserve Bank has continued to shift away from calendar-based interest-rate guidance, leaving open the possibility of earlier rate hikes while vowing to remain “patient” on the economy..."

It's a lengthy article and has a lot of 'what ifs' in it but this is relevant:

“Governor Lowe recently pushed back on market pricing for interest rate rises in 2022, but in his speech and the minutes of its December board meeting there was no mention of 2024, which had been characterised as the ‘central scenario for interest rate lift off’ as recently as November,” NAB director of economics and markets Tapas Strickland said..."

So thank you for suggesting ING is less exposed to interest rate rises than I'd thought.

As an aside I tried a plant-based 'meat' product once and found the taste awful, but obviously this is a subjective judgment. I don't view these products as a huge threat to proper meat, unless leftist school teachers inculcate in children by the age of seven some irrational hatred of beef, chicken, pork, lamb and duck.