interest rate rise, page-7

Agree there are definately more difficult times ahead in terms of rates going up. But you need to remember as household debt levels are significantly higher relative to last cycle, smaller tweaks of rates are required to have the desired effect on the way people spend their coin.

Reckon there is max 75-100 basis points more upside on rates before rate outlook reverts to steady/easing bias. First thing (unfortunately) that will to happen as a precursor is a rise in unemployment - this will reduce price/inflation pressure through multiplier effect on economy.

ANZ position sold recently - lower growth prospects and reckon new CEO hangs up in your shed (a tool).