Westpac joins growing chorus predicting rates cuts for banks
Australian banks have already suffered massive rate cuts before Christmas and are already facing further rate cuts – and more could soon follow, says the chief economist at one of Australia’s biggest banks, https://www.aquawood.fr/products/coque-custodia-cover-fundas-iphone-11-pro-max-5-6-7-8-plus-x-xs-xr-se2020-c11521-blackwatch-overwatch-iphone-7-8-case which is threatening to lay off staff and walk out of a major funding agreement with one of its largest customers if needed.
Mark Taylor at Westpac told Australian Financial Review on Tuesday that he was told at the end of December a one-time 1.5 per cent down payment for new home buyers that the bank received from its biggest lender, https://www.aquawood.fr/products/coque-custodia-cover-fundas-iphone-11-pro-max-5-6-7-8-plus-x-xs-xr-se2020-c14968-colorado-avalanche-2-iphone-11-pro-case National Australia Bank, https://www.cifnet.it/products/miagon-per-iphone-8-plus-custodia-covergatto-albero-farfalla-pu-3custodiasamsung194 would be cut by about $500,000 – the equivalent of about half a million in annual payments.
“It is something I’ve heard [of] from different lenders. https://www.alpesprobois.fr/products/coque-iphone-7-silicone-or-710pascher2515 It is something which is really worrying,” he said. https://www.alpesprobois.fr/products/coque-iphone-7-p-714pascher776 “I think [the lender] did make the point to Westpac that they were in trouble financially.”
The announcement was delivered by Mr Taylor, https://www.alpesprobois.fr/products/coque-rose-gold-samsung-j5-2015-709pascher7483 speaking at the World Economics,