Australia – Westpac CEO says the ‘Worst is behind us’ across consumer and business stress

Westpac CEO says the ‘Worst is behind us’ across consumer and business stress

also:

• Finance demand for M&A pipeline is stronger than expected

I’m not sure what precipitated these remarks. Oh, here we go – at the Macquarie Australia conference.

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ps. WPAC are tipping a 25bp cut from the Reserve Bank of Australia at the next meeting (May 19 and 20):

• “Lock it in: RBA to cut 25bps in May” – Westpac forecast for the Reserve Bank of Australia

NAB says 50 bp cut

• ICYMI – National Australia Bank (NAB) revised its year-end AUD/USD forecast higher to 0.70

Australia’s big four banks, from L to R in the pic:

• ANZ
• NAB
• CBA
• Westpac

This article was written by Eamonn Sheridan at www.forexlive.com.