Westpac joins growing chorus predicting rates cuts ahead

Westpac joins growing chorus predicting rates cuts ahead

Citigroup CEO Jim 더킹카지노Rogers warns that low interest rates could lead to rate cuts across banks as big banks struggle with lower profits. Credit Suisse and Rabobank have bee바카라n among the banks hit hardest by an impact of low interest rates on business lending.

Meanwhile, Fitch Ratings warned of a "disappointing" recovery in the US for industrial and consumer sectors as the economy continued to grow, des더킹카지노pite concerns over a slowdown in China.

On Thursday, Moody's downgraded Australia's credit rating to 'A' from 'A-', a measure of agency quality, from 'B' as the government considers further economic stimulus measures and as more detailed economic data released on Friday should highlight the negative impact of the economic slowdown on consumer confidence.

Topics: global-economy, business-economics-and-finance, banking, australia

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