Future Fund chairman Peter Costello predicts out of cycle rate rises, slams ASIC for being "asleep"

Future Fund chairman Peter Costello says global investors are looking for stability after last week's leadership crisis in Canberra. 

Mr Costello has also warned of higher interest rates for borrowers while accusing corporate watchdog ASIC for being "asleep" in not detecting unlawful bank behaviour. 

The Future Fund lifted its annual return by 9.3 percent to $146 billion.

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