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Australia Creating 'Perfect Storm' with Rate Hike

November 02, 2010

Australia's surprise move to tighten interest rates on Tuesday is creating a "perfect storm" for the country's big banks as they battle margin and political pressures, said Greg Bundy, vice chairman at AIMS Financial Group.

Source: http://www.cnbc.com/id/39962473?__source=RSS*tag*&par=RSS
 
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