NAB 0.74% $25.61 national australia bank limited

interest rates possible fall

  1. 99 Posts.
    I was amazed to read a report on the NAB about interest rates and the banks are looking for a fall, is this why there was so much interest in the major banks? If there is not a fall in Interest rates are we then to see a sell off or a partial pull back.

    Mark.....

    The banking sector is a star in a lacklustre market.
    National Australia Bank is up 1.4 per cent, the Commonwealth is
    up 0.8 per cent, ANZ is up 1.2 per cent and Westpac is up 2.3 per cent.
    "The bond market has had a small rally today, with the 10-year
    bond up 5 points and the three-year bond up 2 points but that's not
    enough to explain today's movement in bank shares," said a broker.
    "The banks would prefer a cut in interest rates and that,
    hopefully, is what the Reserve Bank of Australia will announce tomorrow.
    "The other thing is that the banks are very good value.
 
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