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RITS and mice RTGS in October

Spending and economic activity may be bouncing back, but not by as much as some may think, and remains way below pre-Covid spending.

Neither the number of RITS payments, nor SWIFT payments (all cross-border) budged in October 2021, despite the fact Sydney was ‘free’ all month.

Real-time gross settlement volumes are up a bit over the month and there’s bond chaos to allow for.

Look how the media and the nation prostrated themselves this week to the gods of betting on horse racing.

The bad debt explosion ahead will be horrific and is already out of control at Zip (which they dispute) and especially Afterpay and Latitude.

 

 

 

 

 

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