rates staying sticky means net interest margins compress even if they're wide now, thats the real problem f…by @jse_tttrading on $NED

rates staying sticky means net interest margins compress even if they're wide now, thats the real problem for the banks. ncd and household debt already under pressure so lending growth slows. long-term view hasn't changed but you're right, the headroom isnt what it looked like 18 months ago when rates were still climbing. absa and firstrand showing the same squeeze so its not unique to ned but doesnt make it less real.