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Analysis reveals dozens of lenders are shielding borrowers from full RBA hikes
RBA Governor Michele Bullock has announced two rate rises this year. Picture: Gaye Gerard
Aussie borrowers have been sweating on the movements of the RBA this year. First they hiked rates in February, then they were forced to do it again in March after inflation continued to gather steam on the back of global uncertainty and an oil supply crisis.
Then, we were horrified to hear economists predicting further hikes in the months ahead. Perhaps even another three this year.
But an analysis of more than 100 lenders has revealed that not all bank customers are suffering equally.
Most of us would assume that all lenders have passed on both rate hikes in full to borrowers. Well, most have.
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