Australian banksAustralian interest ratesFeatured Article

Westpac margins catch virus with full cut

David Llewellyn-Smith
Tuesday, 3 March 2020
Advertisement

Loss of moral standing means no social capital to withold interest rate. That and imminent government sponsorship. Westpac the first with 25bps. Understandably, markets are not impressed, bashing WBC to eight year lows as its margins catch the virus:

Now CBA.

Twitter Share
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.