ANZ boss confident most customers can handle higher interest rates

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The vast bulk of ANZ customers will be able to tackle even higher interest rate rises, with the bank’s chief executive confident that mortgage stress will be an issue for only a tiny cohort of borrowers.

Successive rate rises, pushed through by the Reserve Bank, coupled with growth in its home loan business, has helped ANZ post a full-year cash profit of $6.52 billion, a jump of 5 per cent year-on-year.

 

 

 

 

 

 

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