The RBA has hiked the cash rate again. Here's how the banks have responded
  • 5 months ago
The banks have been benefiting from higher interest rates with Westpac and NAB recently reporting big jumps in profit. And when the reserve bank again raised rates on Melbourne Cup Day, the big lenders passed-on the increased costs to their customers. But as Alan Kohler explains, the banks have also been benefitting in another way - they're earning more interest from their deposits with the reserve bank.
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