ANZ Bank CEO Elliott Says Prudent to Sit on Cash Amid Rate Hikes

WATCH: Shayne Elliott, CEO at Australia & New Zealand Banking Group Ltd., discusses the bank’s outlook for growth, market share and his plans for capital deployment. Source: Bloomberg

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By Harry Brumpton and Haidi Lun

May 4, 2022 at 12:42 AM UTC

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Australia & New Zealand Banking Group Ltd. is keeping cash on its balance sheet as it watches and waits for how customers react to rising interest rates, according to Chief Executive Officer Shayne Elliott.