Australian bank CEO says Australia unlikely to enter recession, housing market holding up

<p>CEO of one of Australia's 'big four' banks, National Australia Bank, says Australia is not likely to enter a recession. </p><p>He cites the housing market having held up more strongly than expected after the Reserve Bank of Australia interest rate rises. </p><p>NAB, ANZ, CBA and Westpac are Australia's biggest banks. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.