Tag: financial markets
1
Oct
ANZ last of the big four banks to raise interest rates
ANZ Bank was the last big bank to raise interest under the guise of the regulator enforced capital adequacy requirements to make our banking system even stronger. Why does APRA want this extra strong capital reserves? In case there is another GFC-type event…fair call, I guess? The ANZ Bank decided to stay with the other big 3 and hike their rates
1
Oct
Melbourne Cup and the RBA – Place your bets!
It’s widely accepted in financial circles that if the RBA cuts rates again on Melbourne Cup day, it will be a rate cut forced on it by the major banks. Recently when the first of the big banks, Westpac, increased rates by .20% the betting on the RBA to lower rates straight away went up to 40%. Now that the
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