ANZ vows to toe interest rate line

According to a report in Herald Sun, ANZ chief executive Mike Smith said the bank would not deviate from the RBA rate cycle until it becomes clear that Australia has come out the other end of the GFC.

"I'm concerned we're in a quite fragile stage of recovery (and) I'm reluctant to move above the Reserve Bank, right now, because I can't see how it would be in the best economic interests of Australia,” Mr Smith told the Herald Sun.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 27 October 2009