ANZ CEO talks future of cash, interest rates, and more

The CEO of ANZ claims the rate of cash-use will continue to fall as more Australians use cards.

Shayne Elliott says while Australia won’t become cashless, times are changing and projections show where cash is heading.

“There’ll be changes, just like there have been over the last two hundred years,” he told Tom Elliott.

Press PLAY to hear his full predictions on the future of cash

He also says he anticipates interest rates could continue to hold after the reserve bank kept rates on hold yesterday.

“If rate cuts are coming, they’re probably going to be a lot further away,” he said.