$DBS Group Holdings (D05.SG)$ yall know rate cut is good for...

懒得渡人的摆渡人 : Last time got people said rate cut is bad for banks because NIM will be dropping.

tothemoooonnn 懒得渡人的摆渡人 : ya cos they dont know apart from NIM there are other sources of income

tothemoooonnn : lowering the rates = lesser tax more borrowers still resulting in more income
increasing the rates = more tax but less borrowers also results in high tax income
both ways the bank will earn regardless

102098223 OP : They also need to pay out higher interest to
Deposits also. Lower rates in fact will spur more loans and ultimately more economic activity