In this episode, they discuss the RBA’s decision to move the official cash rate to a new record-low level of 1.25 per cent, the effect the drop will have on savings rates, and which lenders have passed on the full reduction to borrowers.
This week, they discuss
- The impact of the rate cut and what it means for the Australian economy
- Why ANZ is defending its decision not to cut rates by the full amount
- Why some lenders are hitting back at a new bank levy