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Banks reap $4 billion from cus...

Banks reap $4 billion from customers by withholding rate cuts

Each time the Reserve Bank of Australia cuts interest rates, customers wait to see whether their own bank will pass on the savings to them via a cheaper home loan. Often, however, any cut is passed on only in part or is delayed.

Each time the Reserve Bank of Australia cuts interest rates, customers wait to see whether their own bank will pass on the savings to them via a cheaper home loan. Often, however, any cut is passed on only in part or is delayed.…

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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