Reported about 18 hours ago
Australia's major banks are on the verge of a critical earnings test as they confront mixed interest margin prospects amid anticipated rate cuts, ongoing inflation concerns, and increasing mortgage pressure. With an upcoming election heightening cost-of-living anxieties that impact lending patterns, banks like Westpac and NAB are projected to face varying profit outcomes. Analysts are closely watching these developments, especially with the Reserve Bank of Australia's decisions on interest rates influencing housing credit growth.
Source: YAHOO