Normal
I read the following from a commentator in the dreaded murdoch press.Back in the olden days, when banks sourced much of their capital from overseas markets, the banks were at the mercy of off shore investors.But now with so much money from Superannuation, the banks will do very nicely still paying less than 0.7% on their so called high interest accounts, but being able to pass on the full increases to home lender customers.Watch how quickly their interest rate margins start to climb.Mick
I read the following from a commentator in the dreaded murdoch press.
Back in the olden days, when banks sourced much of their capital from overseas markets, the banks were at the mercy of off shore investors.
But now with so much money from Superannuation, the banks will do very nicely still paying less than 0.7% on their so called high interest accounts, but being able to pass on the full increases to home lender customers.
Watch how quickly their interest rate margins start to climb.
Mick
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