ANZ: Wages, mortgages lower for longer

Wednesday 3 May 2017

Low wages growth and low (and falling) credit growth are constraints facing the entire banking sector, Shayne Elliott, chief executive of ANZ said yesterday.

Outlining ANZ’s half year profit to March 2017 yesterday, Elliott mused on macroeconomic factors hindering the bank’s pursuit of growth in its revenue and profits.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.