Increased interest rates: the right decision?
Australian Financial Review, p.50
18 February 2012
Kevin Davis from the Department of Finance has been quoted in an article that discusses the decision of the Big Four banks to increase interest rates by 10 base points. He says that there was “no real consensus” on what was considered an appropriate level of profitability. Though he agrees that the ROE’s were a bit high, he says that they were not extortionate.