What will the banks do this time?
In the last months of 2011, the big four banks rightly came under pressure to pass on interest rate cuts to customers after the Reserve Bank of Australia cut the cash rate in two consecutive months.
You’ll remember the banks initially delayed passing on [...]
Little wonder bank bashing is the national sport
For how long are the big four banks going to keep playing us for mugs?
When the Reserve Bank of Australia last recommended an increase in rates in November 2010, the big four banks were like rats down a drain pipe. They didn’t hesitate to whack them up - far above the RBA’s 25 point increase – angering their customers and political [...]