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Tuesday, 20 August 2019

Bank funding eases

Funding costs fall

There was a lot of hype about rising interest rates and funding costs last year, but that's all dissipated.

Both 3-month and term are where Aussie banks hedge, fund, and borrow, and deposit flows have been solid. 

3-month bills are now tracking at under 1 per cent. 

As appetite for mortgage lending picks up I expect we'll see more stories about mortgages being available from 3 per cent or even lower.