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the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system? failure amongst other us banks in the system? i think there is a real risk of that- the system? i think there is a real risk of that. this the system? i think there is a real risk of that. this is the system? i ....
Growth in australia? we expect that the riba will growth in australia? we expect that the riba will increase growth in australia? we expect that the riba will increase the growth in australia? we expect that the riba will increase the cash - growth in australia? we expect that the riba will increase the cash rate| the riba will increase the cash rate for the 25 basis points this year. not today but perhaps in august in response to stickiness in non services. we also think that will keep the cash rate as a restrictive level until late next year. to ensure that gdp growth slows enough and continued spending growth slows enough to bring inflation but as a target. we think there will be a trade off between weaker economic growth and tougher conditions for households and businesses next year as well to make sure that inflation gets back to target. sure that inflation gets back to taruet. ., ~ ,, sure that inflation gets back to taruet. . ~ ,, ., sure that inflation gets back to taruet ....
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