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Rate cut case grows, but banks may not budge

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Australian Broker | 24 Jan 2012, 03:00 AM Agree 0
A key inflation measure has added fuel to speculation that the RBA will again cut rates when it meets on February 7
  • ChrisC | 24 Jan 2012, 10:14 AM Agree 0
    Its these representations made whereby the banks and media are pre-conditioning our minds so that when it happens, we expect it and are more accepting that some of the rate reduction may be passed on to the consumer loans to keep the Govt and the media happy but the poor business and commercial segments will probably miss out yet again for the Banks to continue bucking the trends of most other businesses in achieving sustained record profits each year in a recession ....... just because they can. Funny how most 2nd tier Banks can pass on the rate cuts.
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