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“But I don’t think we’re going to see branches disappear anytime soon. And I do think we’re going to see an increase in the activity that Australia Post and the Australia Post outlets conduct for those customers who continue to want those face to face services.”

“I’m confident our respective sectors will play our role in navigating our way through the current challenges and the extensive transformation underway.”

“The arguments for a 25 basis point increase rested on the risks to global and domestic growth, and the potential for inflation to subside quickly.”

The September-quarter CPI rose 2.2 per cent quarter-on-quarter, according to Statistics New Zealand on Tuesday. A 17 per cent increase in the price of fruits and vegetables was behind the surprise.

“Banks have very experienced hardship teams. They’ve worked with families who have experienced floods before and have a range of very practical measures to support people to get through these experiences”

“Banks are in a unique position to play a proactive role in identifying and assisting victim-survivors of financial abuse, a role Australian banks take very seriously,”

The OAIC has launched an investigation into the Optus data breach.; The Bank of England’s interventions have failed to reassure bond markets; Private sector house commencements fell -11.6% for the quarter, and -16.9% for the year.

A major outage of online fast inter-bank transfer system Osko has left payments in limbo, with the Reserve Bank admitting fault.

Successful banks will need to transform the current distrust of banks into a relationship of trust. Banks will be differentiated partly on the basis on their ability to succeed in the very difficult task of converting distrust of banks to trust.

The ABA supports proposals which assist first home buyers to enter the housing market.

So there will be people who struggle, but at this point there is no analysis that indicates widespread doom and gloom for mortgage holders.

Prior to 2020, Australia went 30 years without a recession. Could we really have two in three years?