My BS meter started going nuts when all the talking heads started 'assuming' that banks may not pass on rate cuts.
Same old tactic of leaking bad news as conjecture in the media before it happens so that the plebs get used to the idea .... even if they hate it .... Blame transerence ... "it's the world economy, stupid"
Long & the short of it is that banks will continue to charge high interest rates while at the same time dropping the rates they pay depositors = an extra 1/2% margin being skimmed of the responsible members of society ....
