Thread: Ratescut by 1% or 100 basis points

my guess, half and half....0.5% passed on

Probably just a small rate cut and increase their profits!

Hmmmmmmmmm............... maybe it's a good time to buy some bank shares.

Roger

Weren't they saying they it was expected the RBA would not have any movement on this today?

1% is a lot. My poor savings account.lol.

Would it be partly because of the hype around global economics?

The odds were 100% of at least a 25 point cut.

I think the 100 point cut has caught a lot of people by surprise and is an indication of how worried the RBA is and how bad this global financial meltdown is likely to be.

1% is basically panic stations by the RBA - it is higher than anyone was predicting...


I think it is intended to be a liquidity top up for the banks, to keep them "safer" during this credit crunch situation. Just wait and see how long the banks will take to make announcements on passing it on (or not) will be a good indicator.

Originally Posted by mark2

The odds were 100% of at least a 25 point cut.

I think the 100 point cut has caught a lot of people by surprise and is an indication of how worried the RBA is and how bad this global CREDIT financial meltdown is likely to be.

There you go...fixed.

And the RBA just added fuel to the fire...

woah, I didn't see that one coming!

the banks were saying they wanted to keep .25%, let's see what they say now!

Falling interest rates are good. They'll help me to take out an obscene loan now.

The credit union will take about a week to work out what they're going to do.