I think it's neutral for SVR having delayed or even 1 or 2 rate increases, not that I think we'll get those. RBA would only look to increase rates if employment is strong & strong employment means lower bad debts. 0.25% on 4.35% is negligible compared to 4.25% on 0.1%. It'll delay the tailwind & profit recovery back to historic levels but not adversely impact the current numbers by much.
SVR Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held
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