Majors cut 20bps

Macrobusiness reports that NAB and CBA have both trimmed only 20bps from floating mortgages following the RBA’s 25bps cut to their target for the overnight cash rate.

I expect a further 5bps to 10bps to be held back following the RBA’s likely 25bps Nov cut.

This entry was posted in AUD, RBA. Bookmark the permalink.

1 Response to Majors cut 20bps

  1. On your Marx says:

    obviously Bank execs do not agree the future for credit growth is as low as RBA officials believe.

please comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.