Just spoke with R.H.G. Dec 5th was advised that the rate cut arising from Tuesdays RBA Cut of 1% is only .65%.
I said-
"why so little"?, the reply was-"that is the amount that the directors decided was viable to pass on".
" because their money comes from overseas they have to pay higher rates and the RBA rate doesn't have a bearing on the rate that they pay for their money."I asked-"if that is the case why is it that when the RBA rate goes up RHG increase by the full amount plus top up increases in between"
That was just recovered from the yahoo site!
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