Why the banks are waiting to pass on the RBA’s rate cut to home loans

The big banks wasted no time in announcing they would cut rates for mortgage borrowers after the RBA reduced the cash rate on Tuesday. So why haven’t the changes taken effect yet? The big banks wasted no time in announcing they would cut rates for mortgage borrowers after the RBA reduced the cash rate on Tuesday. So why haven’t the changes taken effect yet? Banking, Economic Trends and Indicators, Monetary Policy, Credit and Lending, Interest Rates, Personal Finance Latest business news