1 per cent cut, page-10

I agree also. The banks who where keen to push up rates due to increase funding costs. Would be being watched closely to ensure this is passed on. I guess its hard only making 4 billion dollars A year when you A bank. In a year when everyone is taking a hit I think if the banks don't show soon their willing to they will come under alot of government pressure. The fear of some form of regulation might be enough for them to follow on with the full 1% or at least .5%