Westpac joins growing chorus predicting rates cuts for banks

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,