I'll concede that one
In short, yes.
Looking forward to that next interest rate drop then
Glad to hear the big fund managers (I'm thinking of one in particular where I got passed from pillar to post for five months for payment) have turned their cashflow problems around.
If they're sitting on excess funds, it's relatively recent. SA is currently experiencing a (possibly excessive, looking at the exchange rate) capital inflow again...
Don't take my word for it - Ask any active estate agent what they've been finding since the GFM.
But that aside, we were talking about the impact of the NCA on overall credit extension. weren't we? Here's a thought:
Banks don't make money by sitting on it. It has to be deployed (read
loaned out) for it to start working for them. I'd suggest NCA or not, the chief driver of what is made available for credit extension is what is available to be loaned.
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