Lenders increased rates on outstanding mortgages by a total of 320 basis points between May 2022 and December 2023, which was 105 bps less than the increase in the cash rate over that period.
Investing in its business and, as usual, allowing costs to get away from it, Great Southern Bank has reported a lower profit over the half year to December 2023.
Mr. President, members of the Executive Board, colleagues and friends. I am honoured to join you today for this first regular session of the UNDP/UNFPA/UNOPS Executive Board for 2024.