How about a good day St George Bank to pass on full RBA rate cuts considering you pass on full increases pretty quickly……
Time for us to start putting pressure on the banks in advance of the probable August cut.
Good luck. I don’t think they can afford it. Gotta keep their share prices up while also meeting soon-to-come tighter capital requirements.
Jason Staggers | JasonStaggers.com
http://jasonstaggers.com
Email MeBanks are a business and it makes sense to pass on a rate rise asap and drag your heals when the opposite occurs.
From a PR perspective, not so good!
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
lol at CBA announcing 0.13% discount within minutes and NAB announced shortly there after around the same.
Looks like the govt gave a wink and a nod to the banks that this 0.25% didn’t need to be passed on in full.
…..tell me the game isn’t rigged.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
