iscover
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.
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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.
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