Episode Details
Back to Episodes
Why can’t the major banks reduce the rate sooner?
Published 1 year, 1 month ago
Description
When the RBA cut the cash rate to 4.1% on Tuesday, major banks pledged to pass it on but not immediately. What does this mean for borrowers and other Australians?
For more, Network Finance Expert Gemma Acton joins.
See omnystudio.com/listener for privacy information.