Commonwealth Bank

Newcastle Herald
17 July 2008

? COMMONWEALTH Bank of Australia chief executive Ralph Norris says there is still a risk the banks will make "out of sequence" rises to mortgage interest rates.

The uncertainty in the financials sector and volatile markets are also providing takeover opportunities, he says.

The big commercial banks have all raised their standard variable rates since July 4, despite the central bank leaving official rates on hold.

AAP


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