Previously (with RBA around 0.75-1.0%), interest made up 50% of...

Previously (with RBA around 0.75-1.0%), interest made up 50% of SWF's income, being the majority above brokerage and subscription.

RBA moving from 0.1% to 1-2% would likely not be enough to convince younger generations to take up term deposits instead, but if would give SWF a big boost to income (especially useful in months where trade volumes are down market-wide),

From ASX:



Whether this is reliable, I don't know, but ASX.com.au is showing a rate cut to 0.0% as more likely than rises. But I think if US starts raising some time, then RBA might follow.

So I'm not really expecting rate rises quickly, but I'd be pleased if it happened. I think it'd lead to strong cashflow for SWF (could be enough to double their positive cashflow, potentially).