Deposit Margins Should Offset Any Moderation in Australian Credit -- Market Talk
Dow Jones
Nov 03, 2025
0031 GMT - Australian banks should find that better-than-expected deposit margins more than offset any moderation in credit growth if interest rates fall by less than previously anticipated, Macquarie analysts say. Macquarie's in-house economist thinks the Reserve Bank of Australia has finished cutting rates, a view the investment bank's analysts acknowledge could pose some risk to housing-market sentiment. They tell clients in a note that deposit pricing across lenders is mixed. ANZ and Westpac have cut savings rates, but NAB has raised its rates in what the Macquarie analysts see as a potential sign that it needs more funds to back strong credit growth. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 02, 2025 19:31 ET (00:31 GMT)
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