Nice one, RC. Did you catch Channel 9 news tonight? CBA and another Big 4 mentioned that interest rates will start coming down in the second half of FY24.
They anticipate a couple of rate drops, with a further decrease in the first half of FY25, bringing it back down to around 3% from the current RBA rate of 4.35%.
They believe these rates drops will greatly benefit the banks, boosting profits as a result.
These interest rate reductions are expected to coincide with the launch of Amp digital lending app in the second half of FY24.
In my opinion, Alexis could be a genius in turning Amp around, given her banking background.
Also, Dow Futures are up 150 points, RC. I reckon we're on track to make loads of money by accumulating Amp whenever there is a dip, imo.
As always DYOR..
AMP Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held
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