Interest rate cuts would hit bank profits and leave many savers earning nothing or worse – Business – ABC News (Australian Broadcasting Corporation)

generic picture of Australian bank notes

Let’s face it fi they can’t get it one way Capitalism will get your money another. If you were from a lucky generation you will need to redistribute to the unlucky. If you ar single dependant od savings your money will be channeled to riskier places. The controllers of the gateways of cash and debt isn’t choice but herding. The only real politics is among those at the top because it’s a fight not for change but simply adjustment to the system. ()DT)

Millions of Australians who have stashed money at their local bank branch could soon be earning next to nothing, if the Reserve Bank cuts interest rates as expected.

via Interest rate cuts would hit bank profits and leave many savers earning nothing or worse – Business – ABC News (Australian Broadcasting Corporation)