This is a sign of a weak economy requiring support from those who save money and now get even less as a reward for good financial management.
Good dividend paying shares are now the go with only minimum money in banks. So where will the money to lend come from if depositors withdraw their money.
House prices heading south and interest rates will not change that.
Bad move RBA.
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rate cut to 3.25%, page-11
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Iggy Tan, Executive Chairman
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