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The RBA's GDP growth rate forecast has now been lowered to 2.25%-3.25%. These growth forecasts are significant because the revised forecasts incorporate: (1) the expected impact of the 0.25% rate cut which was announced on February 3 and, critically important, (2) ?the assumption that the...

Wait! Be patient! Don't fix yet! More cuts to come! 25bps ain't enough for the RBA. Market is pricing in at least 2 cuts in 2015. And re serviceability, APRA is requiring a floor rate. So it's not gonna improve even if the interest rate falls to 3%.

Here is the ING Direct update -- see page 2 of the PDF for the new rates effective 20/2/15: http://news.connective.com.au/wp-content/uploads/2015/02/Keep-Me-Updated-20150203.pdf

http://www.rba.gov.au/media-releases/2015/mr-15-01.html

I'm not sure but I think it's across the board (variable rates). I also expect new fixed rates to go down too because of drop in fixed costs of funding -- depending on competition.

ING Direct will pass on full 0.25% rate cut effective 20/2/15.

How does this affect brokers' income, ceteris paribus?