we should see more action in the Aud pairs. Interesting tidbit:
Fresh into the New Year, major [AUSSIE] Banks have moved to raise the rates they charge to customers in response to higher funding costs from the global credit turmoil. NAB, the 2nd biggest provider of home loans, has increased its variable home loan rate by 12bps to 8.69% wef tdy; and from Jan 7, will lift its business lending variable rates by 15bps. NAB's wholesale funding costs had increased on av by 20 to 30bps over the past five mths, peaking at 40bps in Dec. Commonwealth Bank, the nations largest mortgage holder, also lifted its fixed rate home loans by 30bps this week to 8.64% for one to four yr mortgages. Although the announced increases have been somewhat less aggressive than expected; with RBA specifically citing that rises in market rates could lessen the need for a rise in official rates; the moves will not be ignored & look set to dampen expectations of a near term rate rise.
Fresh into the New Year, major [AUSSIE] Banks have moved to raise the rates they charge to customers in response to higher funding costs from the global credit turmoil. NAB, the 2nd biggest provider of home loans, has increased its variable home loan rate by 12bps to 8.69% wef tdy; and from Jan 7, will lift its business lending variable rates by 15bps. NAB's wholesale funding costs had increased on av by 20 to 30bps over the past five mths, peaking at 40bps in Dec. Commonwealth Bank, the nations largest mortgage holder, also lifted its fixed rate home loans by 30bps this week to 8.64% for one to four yr mortgages. Although the announced increases have been somewhat less aggressive than expected; with RBA specifically citing that rises in market rates could lessen the need for a rise in official rates; the moves will not be ignored & look set to dampen expectations of a near term rate rise.
Patience + Humility + Study = Success
can I be the guy with the patch?
