Nov
09
Aussie Business Loan Bonanza as Bank Margins Slide May Stall RBA
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Business lending margins are at the lowest since mid-2000s
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National Australia sees `encouraging signs’ in loan demand
Australian companies faced with a faltering economy are enjoying an unexpected bonanza — the best bank loan terms in a decade.
Borrowing rates for corporates have dropped by at least 57 basis points since January, while competition from global lenders has driven bank margins to levels unseen since the mid-2000s, according to the Reserve Bank of Australia. The odds of an RBA interest-rate cut by the end of March dropped to 53 percent from more than 80 percent last month amid signs two quarter percentage point reductions earlier this year are starting to bear fruit…
Aussie Business Loan Bonanza as Bank Margins Slide May Stall RBA
