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Why can’t the major banks reduce the rate sooner?

Why can’t the major banks reduce the rate sooner?

The Morning Show · LiSTNR

February 20, 20254m 46s

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Show Notes

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.

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See omnystudio.com/listener for privacy information.