0120 GMT - Competition among Australian banks for business customers is likely to remain rational, Citi analyst Thomas Strong says. He tells clients in a note that there have been periods in which banks reinvest the benefit of tailwinds on one side of their balance sheet into competition on the other side. He calls the process cross-subsidization. However, a widely expected stable interest-rate environment suggests little in the way of tailwinds anywhere on the lenders' balance sheets over the near term. This means competition will have to be balanced and rational, Strong reckons. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 07, 2025 21:20 ET (01:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.