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Don't expect banks to follow RBA: Kelly

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Australian Broker | 15 Dec 2011, 04:00 AM Agree 0
Westpac chief Gail Kelly has joined the chorus of bankers warning borrowers may not be so lucky after the next RBA cut
  • Aaron of Perth | 15 Dec 2011, 09:48 AM Agree 0
    I'd feel more (or at any) sympathetic for the poor struggling banks, if they didn't report a multi-billion dollar profit for the last Financial Year.
  • JERRY gIBB | 15 Dec 2011, 10:57 AM Agree 0
  • Mike H | 15 Dec 2011, 11:11 AM Agree 0
    As we all know, the big banks are frustrating the efforts of the RBA in its attempts to regulate the economy with its rate policy. To my mind, a bank which doen's follow the movements set by the RBA is guilty of economic sabotage, which should be punishable by cancellation of its licence. Isn't it about time appropriate legislation was introduced to force them to toe the line? Gutless governments, all.
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