Higher bank dividends tipped as big four profits enter ‘sweet spot’ - Sydney Morning Herald
4/29/2022 12:00:00 AM3 yearsago
by Clancy Yeates
by Clancy Yeates
While much of the focus is on a looming increase in mortgage costs, higher interest rates are expected to significantly benefit bank shareholders.
Money markets are betting Australias official interest rate will now hit 3 per cent by 2024, up from just 0.1 per cent today, with the several increases expected this year. As interest rates have fa… [+1837 chars]
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