Westpac CEO warns ‘there’s a chance of a recession’ as interest rates rise
https://www.abc.net.au/news/2026-04-03/westpac-chief-executive-andrew-miller-recession-interest-rates/106525336?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=link
26 Comments
I could’ve also told you there’s a chance of a recession
Well it might help if the banks weren’t so greedy and sucked up a bit of pain instead of just passing every rate increase onto lenders at the first opportunity they get.
“Please let me either afford food or crash the housing market”
*Monkey paw curls*
Looks like he had a shave for the Kohler interview.
Worth a [listen](https://youtu.be/gglq4WWyAoo).
Says the guy who is actively fucking you over, whilst he takes home $2.5 million per year.
This is the equivalent of a drunk, depressed pilot telling his passengers “there’s a chance you’ll all die in a plane crash”
I’ll be surprised if there isn’t one. If this conflict isn’t resolved by end of April you can 100% book it in. If it resolved there might be a chance we don’t get one.
There is a chance we are already in it.
So what the fuck have we been in? Where was the boom part of the fucking cycle?
They will never let it happen, they’ll just bring in more people to artificially prop up the gdp
No shit.
Who pays these people? In every single way except ‘technically’ we are already in a recession. And that ‘technically’ is being duct taped together by people with vested interests
I’m pretty sure half of us already are..
Something something greedy politicians …
No shit Sherlock.
5 rate rises in 2026 and growing risk of recession leading to higher unemployment!!!!? Surely property prices will still rise under these conditions?
Can say that any day of the week
Oh wow could never have thought of that myself
What a fuckwit
we’re already in a recession in terms of our real wealth being eroded. I don’t really care if the national GDP is rising if we are going backwards in the face of it.
No shit Sherlock!
I’m waiting for a worldwide depression if boots do go on the ground. Saying that, we’re in the best country in the world to weather it.
The chance is 100%
Good thing they have India to rely on for work.
Says a man who has money falling out his arse. He does not care.
lol, a chance! Well, that’s like suggesting there’s a whiff of inflation in the air! Dear oh dear! Self slap, can’t spread panic to the plebs!
QUOTE FROM YESTERDAY:
“We’ve been in a Recession for 6-12 months… Why do you think 🤔 the Banks are slashing headcount? AI or they are acutely aware of the contraction in economic activity?”
Any chance of sharing the wealth then brother?