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$18bn rate cut gap leaves borrowers poorer

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Australian Broker | 22 Oct 2012, 05:30 AM Agree 0
New research shows the majors have ‘charged’ their borrowers an extra $18bn by not passing on the RBA’s rate cuts to standard variables over the past five years
  • ozboy | 22 Oct 2012, 01:50 PM Agree 0
    If it wasn't passed on then you didn't get it therefore you can't say the borrower was charged extra. This form of bashing the banks has become popular recently and it baseless. There are more than enough instances to bank bash you don't need media hunting people muddying the waters with this sort of misrepresentation.
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