I guess the RBA have done their job. Now the important question is how much are the banks going to pass on? I am predicting around 75 to 80 basis points.
Cheers,
Oracle.
I voted 100 basis points.
The reason being that most banks will only pass 70-80% of that cut to the customers. And I believe the RBA is looking to pass on around atleast 75 basis points to the people.
Cheers,
Oracle.