ANZ Profit Tumbles to Lowest in Nearly Six Years

The video discusses ANZ's financial results, highlighting a significant drop in profits and increased bad debt charges. It also previews the Australian budget, noting the government's limited options and potential election call. The Reserve Bank of Australia's (RBA) decision on the cash rate is considered, with economic indicators like CPI, unemployment, and GDP growth analyzed.

What was the main reason for ANZ's financial performance being below expectations?

• High operational costs

• Decrease in customer deposits

• Increase in bad debt charges

• Low interest rates

What is the expected headline deficit figure for the Australian government?

• 25 billion

• 40 billion

• 30 billion

• 35 billion

What measure is the Australian government planning to implement to address tax avoidance?

• Crackdown on multinational corporations

• Increase in income tax

• Reduction in GST

• Introduction of a wealth tax

Why might the RBA decide to delay cutting the cash rate?

• Strong inflation figures

• Upcoming political events

• Stable Australian dollar

• High unemployment rates

What recent economic data point was deflationary for the first time in eight years?

• GDP growth

• Unemployment rate

• Interest rate

• CPI