Examining the RBA's deep cuts

The debate about the degree to which 'greedy bankers' pass on rate cuts is getting out of hand. Since the GFC, bank margins on loans have shrunk, and the RBA cuts deeper to get mortgage rates down.

Can we please stop the inane discussion about the extent to which the banks pass on Reserve Bank changes in official interest rates?

It is irrelevant to the macro-management of the economy and to the end point of what interest rate borrowers actually end up paying and what deposit rate savers end up getting.

Want to know why?


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles