CBA could lift rates first

CBA could lift rates first

by 0 comments

Staff Reporter

Making headlines today, the Herald Sun has reported that CBA could lead its rivals in lifting rates out of step with the RBA.

According to the paper, the banks are itching to raise rates out of cycle in a bid to address the negative impact that growing funding costs are having on their profit margins.

Credit Suisse analysts Jarrod Martin and James Ellis said CBA was the most natural price leader.

Their comments come after CBA chief Ralph Norris said last month the bank may well have to pass on rising costs to customers.

 

Staff Reporter

Making headlines today, the Herald Sun has reported that CBA could lead its rivals in lifting rates out of step with the RBA.

According to the paper, the banks are itching to raise rates out of cycle in a bid to address the negative impact that growing funding costs are having on their profit margins.

Credit Suisse analysts Jarrod Martin and James Ellis said CBA was the most natural price leader.

Their comments come after CBA chief Ralph Norris said last month the bank may well have to pass on rising costs to customers.

 

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
How this agent grew his database by 50% in five years

In this episode of Secrets of the Top 100 Agents, Robert Pignataro joins host Tim Neary to explain how he increased his personal database by...

View all podcasts

Does the benefit of being part of a branded group outweigh the cost?

Yes
No
Depends on the group
Do you have an industry update?