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Podcast: The Mike Hosking Breakfast
Episode: Mike's Minute: Are banks behaving badly or not?
Description: Regular listeners will be aware of my ongoing angst over banks and whether or not they are legit players in our marketplace. The Reserve Bank this week, in one final stab this year, will most likely cut the cash rate, again, which will leave it at 2.25%. The Co-operative Bank last week claimed they are the only ones who have fully passed on the cash rate cuts so far. In fact, as of the current cash rate at 2.5%, they have cut their floating rate to 3.1% against the cash rate fall of 3%. Now on t...