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The banks reacting to the rate cut

Thursday's out-of-cycle RBA rate decision has seen a mixed response from the banks so far, as a number deliberate on how or if they will pass on the changes to customers.

The banks reacting to the rate cut
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  • Shared by Nestegg
  • March 23, 2020
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It’s no surprise a number are still deciding on a course of action, considering Reserve Bank of Australia governor Dr Philip Lowe considered the situation facing Australia, and the world more broadly, as “extraordinary and challenging” and is attempting its own methods of redress, aimed at the banks and financial sector. 

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