Brodlach wrote:mighty_tiger_79 wrote:Rates wont be cut.
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They will be but not passed on in full which negates the benefit
Happened so often I've lost track, particularly since the GFC, the banks either not passing on the full cut or raising them regardless of RBA movements. The same old tiresome, clichéd rationale usually follows.
Mostly small amounts, say 10 or 15 basis points here and there, but consistently gouging that little bit more of a gap between the official rate and what they charge.