CBA and NAB lower mortgage rates by 25 bps after RBA rate decision earlier today

Author: Justin Low | Category: News

Two of Australia's 'Big Four' decide to pass on the full rate cut

Two of Australia's 'Big Four' decide to pass on the full rate cut
This is a welcome relief for Australian households/consumers as ANZ refused to play ball, which prompted Australian treasurer, Josh Frydenberg, to take a public jab at the bank in saying that they had 'disappointed its customers'.

I reckon the other banks are acting in favour of avoiding a public backlash and risk losing market share/reputation damage but hey, some good news for the aussie at least.
ForexLive

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