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Fitch Ratings says Australia's banks' results show resilience Fitch Ratings' says Australia's banks' results show resilience and support their current ratings. In brief: * expect earnings headwinds to continue for Australian banks in 2025 * earnings are likely to be broadly stable * net interest margins (NIM) are likely to contract further in 2025 and 2026 as interest rates are cut .. the impact should be limited ... competition is also likely to weigh on NIMs * asset quality showed signs of stabilising in 1HFY25 * prudent capital positioning amid heightened global uncertainty * funding metrics broadly stable * liquidity levels remained strong, further cushioning against global economic uncertainties This article was written by Eamonn Sheridan at www.forexlive.com.

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ANZ tells me they are no longer paying interest on my savings account. On the chart below, the most impact is on $100k and above.

For those playing along at home, it’s a HUGE $20 per year on $100,000. (If you had $100k in one of these accounts you need your head read!) 💸🏧

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