ANZ leaps into rates reality

The prospect of decoupling rates from RBA moves should be compelling for all the majors. Meanwhile, the real test of ANZ's new approach will come when it does move rates independently.

ANZ Bank has cleverly moved to quell the mounting hysteria about the major banks’ response to this week’s 25 basis points reduction in official interest rates, while creating a mechanism for distancing its future rate decisions from the Reserve Bank’s.


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