interest rates

Property bulls be aware that Laurie Oakes indicated today in his interview with Brendan Nelson that Australian Banks are briefing Treasury and the RBA as to interest rates rising further in the next 18 mths. He stated that they had indicated to Australia's governing bodies that whatever the RBA does on interest rates in the short term, they were still in a rising trend.

NAB and ANZ may be foolhardy to indicate they will pass on any short term reductions as the other Banks are deliberately holding off from making such promises.