The Reserve Bank has endorsed the idea that our big banks will be the winners from the recent instability in credit markets.
Term interest
RBA still can’t convince money markets to relax
The upward pressure on short term interest rates hasn’t eased, bringing closer the time when major lenders, including the big five banks, will be forced to push up mortgage and other rates without a move by the Reserve Bank.
Rates up, dollar down as the US wobbles
Short term interest rates up, dollar down … US Fed Reserve dumps $7 billion into US banking system … Wall Street falls …
