Coingradient

Cryptocurrencies, blockchain, NFT and new trends

Australian Banking Association’s cost of living inquiry reveals bank pressure

 

The trade association for the Australian banking industry — the Australian Banking Association (ABA) — launched a cost of living inquiry to closely study the impact of the COVID-19 pandemic, global supply chain constraints, geopolitical tensions and more on Australians.

An analysis of the rising inflation and concurrent collapse of three major traditional banks — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank (NASDAQ:SBNY) — recently proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds. The ABA’s inquiry aims to identify ways to ease the cost of living in Australia and the Government’s fiscal policy response.

Consumer price index, percentage change from corresponding quarter in previous year, December 2012 – December 2022. Source: ausbanking.org.auHousehold savings ratio, December 2014 to December 2022. Source: ausbanking.org.au

Continue Reading on Coin Telegraph

Источник