12 Dec 2011
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ipac Paul Clitheroe
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investments
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your money
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Paul Clitheroe
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my weekly view
The Reserve Bank’s December rate cut was initially greeted with enthusiasm by home owners. However relief quickly turned to disbelief when the big banks proved reluctant to pass on the rate cut. This chain dragging may reflect difficult conditions in global financial markets but it also reinforces the need for borrowers to do some rate cutting of their own.