Australian banks Australian interest rates

More bank margin pressures, more keeping rate cuts

David Llewellyn-Smith

Friday 1 July 2016

The Australian bank funding cost rocket continues its Brexit fizzer with CBA CDS unchanged today at 82bps:

But that’s not the end of the story by a long way. Macquarie has more:

NSFR implementation drives ongoing focus on deposits

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.