Philip Chronican
Philip Chronican articles. Read the latest news, information and feature articles on Philip Chronican
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ANZ falls into line with 20bps cut, but takes the profit
The ANZ Banking Group has followed its big bank rivals andlowered its standard variable home loan rates by 0.2 percentage points. The bank announced ... Read More -
ANZ cuts variable rates by 20 basis points but borrowers must wait until October 19
ANZ has cut its variable mortgage rates by 20 basis points today followingits monthly interest rate review. The bank's newstandard variable mort... Read More -
Offshore funding pressures ease but banks now more reliant on customer deposits for mortgage lending: RBA
While it has become cheaper for banks to raise wholesale funding from offshore investors, a desire to seek "more stable funding sources" has... Read More -
ANZ leaves mortgage rates unchanged as economists remain divided on August rate cut
ANZ has left its variable interest rates unchanged today following its July independent interest rates review as economists remain divided about wheth... Read More -
RBA says bank funding costs falling but by less than rate cuts
The Reserve Bank has poured cold water on claims by the major banks that their overall funding costs are increasing. “Our estimate is that the absolu... Read More -
ANZ leaves variable rates unchanged but lifts fixed rates by 20 basis points
ANZ has left its variable mortgage rate unchanged at 7.36% today following its interest rate decision independent of the RBA. However, it has lifted ... Read More -
Banks could absorb increased funding costs without hurting shareholders: Christopher Joye
Will they or won’t they? They did. Today ANZ lifted its lending rates even though the RBA has left its underlying benchmark rate, known as its “target... Read More -
A house of (credit) cards
In 1963 the BBC interviewed the boss of American Express. The interview was focused on a new concept taking root – the evolution of our love of debt –... Read More -
Unhappily perhaps, banks pass on full rate cuts
Whether it was due to political pressure or a desire to protect their brands by avoiding a pre-Christmas shellacking, the major banks and their subsid... Read More -
NAB the only bank not to pass on full rate cut, but claims to still have lowest rates
NAB will pass on only 20 basis points of the official RBA 25-basis-point cut announced yesterday, a move that is likely to annoy borrowers, despite th... Read More
