{"id":3378,"date":"2016-08-03T10:47:15","date_gmt":"2016-08-02T22:47:15","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=3378"},"modified":"2016-08-03T10:47:15","modified_gmt":"2016-08-02T22:47:15","slug":"why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/","title":{"rendered":"Why the big banks acted as one in defying the RBA&#8217;s rate cut"},"content":{"rendered":"<ul>\n<li>\n<div class=\"story__wof\">\n<p class=\"story__headline\">Our biggest banks move fast. Either that, or they collude. At 2.37pm on Tuesday, within minutes of the Reserve Bank cutting its cash rate to an all-time low, the Commonwealth Bank announced a completely different way of responding. Instead of passing on some or all of the cut, it would only pass on half and hand some of the rest out to customers as higher term-deposit rates.<\/p>\n<\/div>\n<\/li>\n<\/ul>\n<p><strong>How the big banks cut:<\/strong><\/p>\n<p><strong>Westpac<\/strong>: 5.29% (cut of 0.14 points)<\/p>\n<p><strong>NAB<\/strong>: 5.25% (cut of 0.10 points)<\/p>\n<p><strong>ANZ<\/strong>: 5.25% (cut of 0.12 points)<\/p>\n<p><strong>Commonwealth<\/strong>: 5.22% (cut of 0.13 points)<\/p>\n<p>READ MORE VIA <a href=\"http:\/\/www.smh.com.au\/business\/the-economy\/reserve-bank-rate-cut-why-did-banks-respond-as-one-20160802-gqjjzn.html\">SMH<\/a><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-medium wp-image-2963 lazyload\" data-src=\"\/\/www.propertynoise.com.au\/wp-content\/uploads\/2015\/12\/rba1.jpg?w=300\" alt=\"RBA\" width=\"300\" height=\"160\" data-srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/rba1.jpg 620w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/rba1-300x160.jpg 300w\" data-sizes=\"(max-width: 300px) 100vw, 300px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/160;\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our biggest banks move fast. Either that, or they collude.<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":2963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[],"class_list":["entry","author-data123nz","post-3378","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why the big banks acted as one in defying the RBA&#039;s rate cut - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why the big banks acted as one in defying the RBA&#039;s rate cut - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"Our biggest banks move fast. Either that, or they collude.Read More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-02T22:47:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2015\/12\/rba1.jpg?fit=620%2C330&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"Why the big banks acted as one in defying the RBA&#8217;s rate cut\",\"datePublished\":\"2016-08-02T22:47:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/\"},\"wordCount\":106,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/rba1.jpg\",\"articleSection\":[\"Australian Property &amp; Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/\",\"name\":\"Why the big banks acted as one in defying the RBA's rate cut - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/rba1.jpg\",\"datePublished\":\"2016-08-02T22:47:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/rba1.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2015\\\/12\\\/rba1.jpg\",\"width\":620,\"height\":330},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why the big banks acted as one in defying the RBA&#8217;s rate cut\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why the big banks acted as one in defying the RBA's rate cut - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/","og_locale":"en_US","og_type":"article","og_title":"Why the big banks acted as one in defying the RBA's rate cut - Property News Australia","og_description":"Our biggest banks move fast. Either that, or they collude.Read More &rarr;","og_url":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2016-08-02T22:47:15+00:00","og_image":[{"width":620,"height":330,"url":"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2015\/12\/rba1.jpg?fit=620%2C330&ssl=1","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"Why the big banks acted as one in defying the RBA&#8217;s rate cut","datePublished":"2016-08-02T22:47:15+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/"},"wordCount":106,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/rba1.jpg","articleSection":["Australian Property &amp; Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/","url":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/","name":"Why the big banks acted as one in defying the RBA's rate cut - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/rba1.jpg","datePublished":"2016-08-02T22:47:15+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/rba1.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/rba1.jpg","width":620,"height":330},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/why-the-big-banks-acted-as-one-in-defying-the-rbas-rate-cut\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"Why the big banks acted as one in defying the RBA&#8217;s rate cut"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/3378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=3378"}],"version-history":[{"count":0,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/3378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/2963"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=3378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=3378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=3378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}