Reply #2: The rate cuts are only adding to our problems [View All]

[DJ13]

The finance industry isnt passing on lower rates to consumers, the cuts are just adding to the spread between the cost of borrowing money for the banks and the rates the consumer pays so it increases the profit margins of the banks.

Then theres the increased costs the consumer pays for the majority of goods in the marketplace that are imported and subject to currency devaluations.

These rate cuts are screwing the consumers twice over.