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Think Tank Interest Rates Outlook Wk 20 2008

Mon, 2008-05-12 18:40 — wes@ability

Rates have come down fractionally this week with the 30 day rate now in to 7.5833% and the 90 day rate tightening to 7.7867%. Fixed rates over 1-5 years continued to fall and are down by 0.14%-0.29% to range between 7.29% and 7.73%.

John Stewart, CEO of NAB, commented last Friday that he believed, on balance, further rate rises by his bank by greater than further official rate movements looks unlikely. This is an interesting statement and suggests NAB has formed the view that credit markets have become more stable with the bank cost of funds now more predictable.




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