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No doubt, enough lenders have shown their cost of funds are *cheap* right now so they still have sufficient margin to keep dropping.

They don't have to follow it at all, they can put their rates up 1% at the same time if they so wish. More and more over time the lenders have been transitioning to dance to their own tune, than the whims of the RBA.

Most likely requiring a rework at credit for a new approval, new docs sent out and returned. Meanwhile CUA would put up fixed rates if they so wish - then how will aussieb feel? Fixed rates are just that, wanting all the downward rate movements without any upward rate risk is magic pudding.