Albo has no idea. A complete dunce on economics, page-25

  1. 2,724 Posts.
    lightbulb Created with Sketch. 88
    Example

    Reserve Bank lends to Westpac and maybe others @4.3% and
    Westpac lends @9.5% mortgage rate to retired persons. That's their loyalty rate.

    That's a great deal for the bank. Not so good for Australia.

    Albo, what are you doing.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.