banks lower rates, page-28

"""And Scotty if your so confident rates are going to increase rates then why don't the big4 and major financial institutions believe you ?"""

Easy. Lending is down and outlooks on credit growth are ordinary, and banks need lenders to survive. Talk to anyone in the industry and you will find that the banks will do anything to build their loan books even if it means cutting margins.

How soon you all forget, those little basis point cuts they didnt pass on during the GFC are still on their margins. They got plenty of room to move yet trust me, ever since Wayne Swan became an apologist for banks not passing on rate cuts in full it became a free for all.

Surely you should know how much they skimmed off all of us during that cutting cycle.