Australian banks Australian interest rates Australian Property

As Hayne fades, mortgage rate hikes appear

David Llewellyn-Smith

Wednesday 6 February 2019

CBA’s half year result is out today and it reeks of coming mortgage rate hikes:

Unexciting at best:

falling revenue;
falling ROE;
falling NEM;
rising bad debts 15bps or $577m (vs consensus 13bp) and NPLs 89bp (vs 85bp)
NPAT boosted by cost cutting;
dividend stalled and broker write downs ahead.

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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.