rba quietly increases banks’ bailout buffer , page-9

Big four banks make an extra $3.7bn in profit from not passing on interest rate cuts

Stephen McMahon
News Limited Network
March 08, 2013

THE MAJOR banks have pocketed an additional $3.7 billion in profits over the past year as a direct result of refusing to pass on recent falls in official interest rates - as pressure grows for out-of-cycle cuts to mortgage rates.

http://www.adelaidenow.com.au/big-four-banks-make-an-extra-37b-from-not-passing-on-interest-rate-cuts/story-e6frea6u-1226593472818