0410 GMT - Australia's major banks can support margins through retail deposit re-pricing, as the Reserve Bank of Australia continues to cut interest rates, Morgan Stanley analysts say. With further cuts to Australia's cash rate expected over the remainder of 2025, they reckon the country's four largest lenders will be able to mitigate pressure through pricing. They tell clients in a note that every 0.25% cut in the cash rate reduces the quartet's margins by an average of between 1 bp and 1.5 bps. They think that Commonwealth Bank stands to benefit the most, and ANZ the least. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 08, 2025 00:10 ET (04:10 GMT)

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