Australian banks delay in passing on RBA rate cuts to customers:
According to JPMorgan analyst Scott Manning, each of the major banks ”makes somewhere in the order of $2 million each day that it does not pass on the rate cut”.
Australian banks delay in passing on RBA rate cuts to customers:
According to JPMorgan analyst Scott Manning, each of the major banks ”makes somewhere in the order of $2 million each day that it does not pass on the rate cut”.
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