You do realise bank in Australia cash rate is 0%
So they can buy assets flip them n sell n make money off it.
they can but not sure the ruleing about free money buying assets.
but the cash rate is 0 so banks can lead infinite amount of money.
it has be like this for awhile now.
TEM Chart, page-739
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Last
1.0¢ |
Change
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Mkt cap ! $5.191M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $2.535K | 253.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1132134 | 11 |
View Market Depth
| Last trade - 12.33pm 10/05/2024 (20 minute delay) ? |
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0.9¢ |
Change
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 0.9¢ | 35396 | ||
| Last updated 12.36pm 10/05/2024 ? | |||||
| TEM (ASX) Chart |