The Reserve Bank’s 50bp cut, in one economist’s view, was an attempt to “hold the banks’ feet to the fire” on mortgage rates.
A new survey claims that mortgage brokers believe major banks have now sidelined the RBA as a setter of mortgage rates in Australia
One of the market's largest aggregators has said that major bank rate cuts should be 'meaningful' or risk a continued market stagnation
CBA has proved the most generous of the major banks in the latest round of variable rate cuts that have follwed the RBA's Tuesday cut
Leading brokers have expressed uncertainty as to how much of the RBA's cash rate reduction will be passed on and are expecting banks to 'duck and weave'
The Reserve Bank has been called on to move on rates yet again to deliver stimulus to sagging consumer demand