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Only one lender passes on full RBA cut

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Australian Broker | 07 May 2012, 03:00 AM Agree 0
Only one bank has thus far passed on the RBA's 50bp cut in full, with the majors holding back on home loan customers
  • King Wally | 07 May 2012, 09:50 AM Agree 0
    I notice ING have gone the greedy grab and only passed on 30bps! Watch their volumes fall off a cliff. They have trouble competing on the relationship, product and no one really understands their risk or credit appetite. maybe they wish to slow down by design?
  • Tony Harris | 07 May 2012, 10:03 AM Agree 0
    Isn't it simply amazing that Westpac can have 3 different mortgage rates with BOM,St George and Westpac and still blame the cost of funding!The cost isn't different for 3 brands!Its about marketing and playing games with borrowers.
  • Gazza | 07 May 2012, 10:35 AM Agree 0
    Tony that's why you are no where near being in charge of a bank. Off course the costs are different for all 3 brands. Its easy for you to make those kind of comments without any qualification or facts supporting your argument.
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