Following on from my article Behind the spin, NAB business performance is as bad as the rest in August, the Age reports that JPMorgan banking analyst Scott Manning is seeing signs in the recent CBA annual report presentation of an inclination to lift rates rather than go the hard yards and simply combat the declining loan book by lending more.
Would I do the same in their shoes - probably.....no, most definitely, but its not necessarily doing the economy any good and my guess is that if government were watching this, they might feel compelled to step in.
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