Thorn in CBA’s profit, calling time on RBA’s Lowe, luxury wine boom

United Kingdom News News

Thorn in CBA’s profit, calling time on RBA’s Lowe, luxury wine boom
United Kingdom Latest News,United Kingdom Headlines
  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 90%

OPINION: This week the Chanticleer podcast looks at a warning sign CBA’s booming profits, whether RBA governor Philip Lowe will withstand a political storm, and the most interesting thing CEOs told them during profit season.

Here are some highlights from the conversation:It’s a horrible expression, but people say “I’d sell my grandmother before I default on my mortgage”. I think this is the single biggest transaction that people have in their lives, and they do everything they can to hold on to it. And banks are very willing to extend the term of repayment from 25 years to 35 if they need to. I think we’ll get through this without a bad debt problem.

He’s a sensible, smart guy ... but he’s got a bit of a tin ear, and it’s starting to show. I can’t say there’s any chance that his contract is extended.It’s probably not going to be in place until 2026, and ASIC and the RBA are seeking assurances from ASX to make sure the current system will last at least until 2028. It’s amazing how long it’s taking.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in AU

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RBA Governor’s Senate Estimates appearance a ‘smack in the face’ to the govt ‘bullies’RBA Governor’s Senate Estimates appearance a ‘smack in the face’ to the govt ‘bullies’RBA Governor Philip Lowe’s appearance in Senate Estimates on Wednesday was a “smack in the face to the bullies”, according to Sky News host Andrew Bolt. Mr Bolt said the media “chased” Mr Lowe down the street, called him “our most loathed banker”, and demanded his resignation after the RBA hiked rates nine times. “But that is nothing compared to the outrageous way that Lowe’s been bullied by the Albanese government, and as I say, thank God the Reserve Bank Governor was defiant today when he was grilled by a Senate committee,” he said. “Let Labor threaten Lowe and also scapegoat him for their own failure to help fight inflation by cutting their spending. For their own failure to fight inflation by cutting power prices because of their global warming fantasies. “But Lowe says the bullies will not win. And good because the price of surrender is too high.”
Read more »

Philip Lowe says interest rate rises painful but for the best, predicting more to comePhilip Lowe says interest rate rises painful but for the best, predicting more to comeInflation is dangerous, corrosive and hurts people, RBA governor tells Senate estimates
Read more »

RBA governor Philip Lowe has been ‘wedged’ between two sides of an electionRBA governor Philip Lowe has been ‘wedged’ between two sides of an electionPR Counsel Managing Director Kristy McSweeney says RBA Governor Philip Lowe is not the one who sets monetary policy in legislation and unfortunately, he’s been “wedged” between two sides of an election. “Where everyone wants to claim economic management credentials and he is the scape goat,” Mr McSweeney told Sky News host Rita Panahi. “I think every banker in Australia knows this is theatre of the absurd.”
Read more »

In defence of Philip Lowe and the RBAIn defence of Philip Lowe and the RBAOPINION: The populist pile-on against Philip Lowe should really be directed at Canberra. We are now paying the inflation and interest rate price of the borrowing and spending through the pandemic.
Read more »

In his own words: Philip Lowe makes the case for higher ratesIn his own words: Philip Lowe makes the case for higher ratesIn a 90-minute Senate grilling, RBA governor Philip Lowe outlined the bank’s reasoning for higher interest rates. These are the answers that made his case.
Read more »

‘Unpopular’ Lowe worries people have forgotten inflation damage‘Unpopular’ Lowe worries people have forgotten inflation damageRBA governor Philip Lowe told senators he had heard the “harrowing stories” from financially struggling people and “we hear the message loud and clearly”.
Read more »



Render Time: 2025-03-15 07:37:30