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None of them have made a move yet.... 48 hours after the RBA announcement... almost unheard of ! :eek: I reckon they're all sweating on the next one to announce... then they'll make a decision. They all want to look like the good guy by raising a tiny bit less than the others, so they need...

Look good to mortgage holders & govt, but not to shareholders or profit share employees. Westpac has upped resi by 0.45%, but business loans by only 0.25%. Westpac is penalising mortgage holders & benefiting businesses. It's something the RBAs blunt cash rate tool can't do.

I agree. Their economists expect the RBA will be pausing, so I guess they want to expand their margin while they can. And by announcing immediately, they can reasonably expect the others to follow to a large extent & blend in with the crowd.