Bankers Expect Funding Costs to Rise Amid Elevated Rates
1 report, 1 independent
Updated Mon 00:00
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What happened
A quarterly survey by the fintech firm IntraFi found that 87% of bankers polled expect their bank's funding costs to increase over the next 12 months. This represents a sharp change from a year ago, when 80% of respondents expected funding costs to decrease. Paul Weinstein, a senior policy advisor at IntraFi, noted this reflects a 'massive swing' in expectations.
From americanbanker.com
Why it matters
The shift reflects a change in sentiment regarding interest rates, as the Federal Reserve has held off on further cuts. This reversal is linked to elevated interest rates and increased costs driven by geopolitical events, such as the attacks by the U.S. and Israel on Iran.
From americanbanker.com
Who's involved
- Paul WeinsteinSenior policy advisor at IntraFi who commented on the survey results
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The entities involved
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American Banker
newspaper in New York City, New York