Judo chief executive Joseph Healy says the small business lender is predicting the cash rate will rise to 1.25 per cent by the end of the year and credit will expand at the fastest pace in 14 years, as the bank handed down a solid interim earnings report.
Mr Healy said each 50 basis points increase in the cash rate was expected to deliver a 25 basis point improvement in margins given the bulk of customers were on variable rates.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
