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Fitch has released its 2016 outlook for the Australian banks, which maintains a stable outlook for the sector. Below are extracts from the press release [my emphasis]:
Fitch Ratings maintains a Stable sector outlook on Australia’s banking sector in 2016. We expect strengthened capitalisation and recently tightened underwriting standards to offset slower profit growth and modest asset-quality pressure.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.