$DBS Group Holdings (D05.SG)$ Rate cut won’t happen so soon ...

Rate cut won’t happen so soon and will remain high for some time. I don’t think there will be rate cut in the first half year 2024, as the inflation is still above 3%. The middle east conflict and Ukraine Russia war are still ongoing, making inflation difficult to hit 2% target. Rate cut may possibly happen 2nd half 2024 and I don’t think the cut will be a lot. The banks will still be making a lot of money in 2024 and paying high dividends. They will still be the winners in 2024. This is my view. Any weakness in bank stocks is a good opportunity to buy and keep for dividends plus price appreciation. DYODD.