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17/02/2012 - 13:47

ANZ profit up to $1.48b but warns on rates

17/02/2012 - 13:47

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ANZ Bank has hinted at further interest rate rises, despite its stronger than expected $1.48 billion first quarter profit.Chief executive Mike Smith said the bank's margins would "continue to be squeezed" as wholesale funding costs remain higher and competition for deposits continues.

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