Dianne Thomson

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Pay it down - Treasurer Wayne Swan goes through his now-usual exhortation to banks to pass on today’s Reserve Bank 25 basis point rate cut in full. AAP

Reserve Bank cuts rate to 3.5% ‑ experts respond

Dianne Thomson, Deakin University; Jakob Madsen, Monash University; Kevin Davis, Australian Centre for Financial Studies , and Michael Thorpe, Curtin University

Amid the tumultuous economic climate in the US and Europe - not to mention the tumbling fortunes of our sharemarket - the Reserve Bank of Australia has followed market sentiment and cut the official cash…
ANZ and NAB have cut their mortgage rates. Will the other two major banks follow suit? AAP

Are banks gouging by not passing on interest rate cut?

Dianne Thomson, Deakin University

ANZ and National Australia Bank have passed on the Reserve Bank of Australia’s 0.25% interest rate cut to mortgage holders, lowering their standard variable rates. Treasurer Wayne Swan called on the big…

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