National Australia Bank warns cash rate increase ‘also causing economic growth and house prices to soften’
Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcast
National Australia Bank has reported a leap in profit, backed by the rising interest rates that are driving strong returns across the country’s major financial institutions.
NAB, the second member of Australia’s big four banks to report improved margins this week, recorded cash earnings for the December quarter of $2.15bn, up by 18% compared with the average of the two previous quarters.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
Continue reading…National Australia Bank warns cash rate increase ‘also causing economic growth and house prices to soften’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastNational Australia Bank has reported a leap in profit, backed by the rising interest rates that are driving strong returns across the country’s major financial institutions.NAB, the second member of Australia’s big four banks to report improved margins this week, recorded cash earnings for the December quarter of $2.15bn, up by 18% compared with the average of the two previous quarters.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…