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Have Interest Rates Now Peaked?

The Money Café with Alan Kohler

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The Prime Minister's 23-Year-Old Son Should Be Invited to the Chairman's Lounge

The Reserve Bank will go from having 300 billion on deposit to $120 billion on deposit because they'll just flick the switch. And profits of banks will be down by $7 billion for the year because they won't have the cheapest finance facility they've ever had. Now, I want to talk about interesting story in the rewindal column this morning about Qantas giving Nathan Albanese a membership of the Chairman's Lounge. The Prime Minister's 23-year-old son was invited to such an exclusive club. Well, he's clearly a very important student. But I've never been a member—I don't know about you, Alan. Have you ever been a member of the

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