John Kehoe from the Australian Financial Review is ‘surprised’ two banks have refused to pass the Reserve Bank of Australia’s rate cut in full, saying ANZ and Westpac appear to be 'profiteering because their profit margins are under pressure'. After the RBA slashed interest rates to a record low of 1.
25 per cent on Tuesday, NAB and Commonwealth Bank passed the cut in full to its customers, but ANZ only passed 18 basis points and Westpac passed 20. Speaking to Sky News on Wednesday, Mr Kehoe said bank funding costs have ‘fallen more than enough’ to pass on the rates cut for its customers in full.
The world has changed in nz was a cooperative supportive .Supplimentary minimum prices post office savings banks no fees 1987 rogernomics kiangaroa fores trees Sold off at c/ $ nz railways sold off all a disaster now govt making rapairs to the damage done
OUTSIDERS NOW auspol politicsabc WORKERS ICFI_WSWS SAY, FUK OFF DEM CIA ALP GREENS COMMUNITY,IDENTITY RAINBOW FLAG, RAG LGITQWERTY, CIA PROPAGANDA
When I worked for a bank my boss said, “people don’t like us, but they trust us”. Times have changed.