why oz banks borrow money from foreign banks?, page-5

  1. robhaywood
    2,843 Posts.
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    07/02/12
    09:40
    Post #: 9654682
    As i understand it the Aussie banks can borrow money at lower interest rates so its a win win (sort of).Though nothing is a win win with this govt.
    I noticed this morning the banks said they may NOT pass on any possible RBA interest rate cut today.
    Of course they will pass on the rate cut to depositors though.
    If that happens its a low act.
    Rob
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