This is great stuff.
The bank has "stress tested" itself and has the financial strength to deal with even a "rapid rise in interest rates", Richie Boucher said.
Higher rates make it easier for banks to make money
"Interest rates are at abnormally low levels," he said.
Gee we didn't know that Richie
"We don't take on interest rate risk as a bank, we cut it out wherever we can," he said.
Unbelievable, you are a BANK, yet you expect the customer to take the interest rate risk.
Its raised fears that the 350,000 mortgage borrowers here with tracker loans are vulnerable if their borrowing rise sharply.
Why would their borrowing rise sharply, perhaps you mean their interest rates rise sharply. Seems journalists are as dumb as bankers.