Super-cheap money. Are borrowers or bank shareholders winning?

Super-cheap money. Are borrowers or bank shareholders winning?
Term deposits have now fallen to 40% of total deposits as bank deposit rates have fallen.
Cameron Bagrie
Our banks are awash with cheap cash.Even with some upward movement recently in longer term wholesale interest rates, our banks largely fund their activity from short-term money, which remains as cheap as ever.Money is being hoarded in liquid accounts as opposed to locked up in term deposits.With many banks due to release their half-year results in the coming weeks, we will get a chance to see to what extent that cheap funding has been passed on to borrowers.Lending growth is up around $40 billion in the past year, but deposits grew more than $5...

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