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Out-of-cycle cuts unlikely

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Australian Broker | 11 Apr 2013, 04:00 AM Agree 0
A new report has dismissed the idea of out-of-cycle rate cuts despite easing funding costs for banks
  • BJ | 11 Apr 2013, 12:51 PM Agree 0
    Of course not, out of cycle may not sit well with shareholders and thus Gail Kelly and all other bank CEO’s might see their abhorrent bonus pool shrink. Note that CEO salary and bonuses now exceed Pre GFC levels and why you may ask, well the profit driver and complacent borrowers and brokers results in bank CEO’s, dare one say, rip and tear!
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