Big four have made $4.7 billion since 2016 from not passing on RBA cuts: research
New research from financial comparison site Mozo has revealed the Big 4 banks’ tactic of holding back some of the RBA’s rate cuts has seen them pocket a $4.7 billion windfall since 2016.
Cash rate won't need to be dropped more than two times - Finsure
Finsure Managing Director John Kolenda said there is no requirement for the Reserve Bank of Australia to drop the national cash rate more than twice in the next 12 months.
RBA could 'remain on the sidelines' for the next few months
While a lowering of the cash rate is considered to be inevitable this year, Finsure Group Managing Director John Kolenda said the central bank will be "in no rush" to make changes when it meets early next month.