ABA CEO Steve Münchenberg - Talking Business 2016, Ep. 39

plus AMP Chief Economist Shane Oliver

Australian Bankers Association outgoing chief executive officer Steve Munchenberg talks about banks and the campaign for a Royal Commission.

Interview with economist AMP chief economist Shane Oliver.

Leon and Garry talk about issues including:

· China’s Yuan touching a six year low against the dollar in the face of a slump in exports and a rising greenback with expectations that the Fed will raise interest rates in December and hopes of a victory by Hillary Clinton in next month’s US presidential election.
· Interest rate cut less likely with inflation rising faster than expected.
· A group of outback families with big livestock and transport operation’s $386 million bid for all shares of the Kidman cattle empire trumps the bid from billionaire Gina Rinehart and her Chinese business partner.

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RMIT University
banks, commission, CPI, rates, yuan, Coles, Wesfarmers, housing, Alinta, IPO, blockchain, IBM