Australia’s big banks get squeezed as cash rate drops to record low
Australian bank earnings are
getting squeezed by the central bank’s move to cut the cash rate
to a record low 1%, analysts and investors say, as it gets
harder to reduce deposit rates to offset the cheaper mortgages
they must now offer borrowers.
getting squeezed by the central bank’s move to cut the cash rate
to a record low 1%, analysts and investors say, as it gets
harder to reduce deposit rates to offset the cheaper mortgages
they must now offer borrowers.
Posted by Reuters
