interest rates, page-8

Well said crazy.

Banks also tap wholesale funding in offshore markets and in particular the US.

Wholesale funding costs on long term rates (Bond Yields) have risen considerably recently which is why long term rates offered by the banks have also increased.

I would be surprised to see the RBA cut rates again unless of course we see equity markets plunge again.

Banks probably wont pass on any cuts unless of course their wholesale funding costs decrease, but cant see that happening anytime soon.