Rate rises are not good for banks.
Banks make their money when people borrow, if rates go up people borrow less, companies borrow less etc etc.
Futures market looks to have priced in 2 rate rises by mid year, they have been pretty good over the last 2 years.
Next week we have the cpi figures, if the rba isnt slowing growth down they may even try a 0.5% rise...as johnny says a stitch in time saves nine.
Lying dog he is!!
Rate rises are not good for banks. Banks make their money when...
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