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My point exactly. If they had of just said 'we're upping rates because we can and we want to maximise our profits' then so be it. But they've gone to so much effort to make us believe that its due to the rising cost of funding (which I assume is temporary), If they want us to believe...

Assuming the banks are telling the truth that they have been forced to raise rates because the cost of funding has increased recently, shouldn't we assume by their logic that they will lower rates again as soon as the cost of funding returns to more normal long term levels?