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Finweek English Edition - - MONEY -

We st a r t ed mov­ing i nto a r i si ng in­ter­est rate phase in Jan­uary 2014 and, ac­cord­ing to the Re­serve Bank, the out­look in terms of in­ter­est rates is not good. The fact is that we are still trad­ing 13% higher (ex­clud­ing div­i­dends) in this ris­ing in­ter­est rate phase.

Will it be dif­fer­ent this time? Many in­vestors may have thought so in the past two ris­ing in­ter­est rate phases (20012003 and 2006-2008) af­ter the mar­kets ral­lied at the be­gin­ning of those phases, only to end in the red.

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