"There is no doubt when we look at the current cost of funding that rates are going to increase"
http://www.news.com.au/money/interest-rates/commonwealth-bank-flags-rate-hikes-separate-to-reserve-banks/story-e6frfmn0-1225938726546
Obviously the overseas roadshow then was a bit of a flop ..
The CBA has been hitting the overseas circuit over the last few weeks trying to drum up institutional support for Australia's mortgage market. Thanks to Kris Sayce at Moneymorning.com.au, it turned out that CBA was using dodgy figures to convince overseas lenders to continue to prop up Australia's housing market (http://www.moneymorning.com.au/20100910/has-commonwealth-bank-deliberately-misled-investors.html).
I think today's statement from the CBA really just sums it up.
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