Interest rates on hold till 2007, says the National Australia Bank [NAB]

According to the National Australia Bank, [the NAB] its latest analysis of the business climate consolidates the view that official interest rates will remain on hold for the rest of the year.

For September, the bank’s measure of business conditions has recovered just a little after two months of decline. A pick-up in the retail sector has been offset by weaker construction.

Also some improvement in Victoria has been balanced by harder business conditions in New South Wales and Queensland. Business confidence has remained unchanged after falling sharply in recent months.

About: Rick Adlam: Rick Adlam has been helping clients with home loan finance since 1985 when he was home consultant with AV Jennings. Rick started Equity Home Loans in 1996 to help homeowners become property investors. Rick currently consults in the development of Mr Mortgage for mortgage brokers and HomeMate for new home buyers. Website: http://www.mrmortgage.com.au