Reported 21 days ago
Big banks are drawing parallels between the current economic climate and 1995 when interest rate cuts led to significant growth in the banking sector. Analysts suggest that while it may not replicate the exact success of that year, similarities exist in monetary policy and potential deregulation. However, challenges such as tighter regulations and previous low-interest rates may complicate the quest for a similar boom in bank earnings, prompting cautious optimism for 2025.
Source: YAHOO