https://www.smh.com.au/business/ban...-cut-sparks-margin-fears-20190703-p523td.html So the rates are going down, but borrowing isn't increasing. It isn't rocket science that their profit margins will be crushed. The big banks will resist every steps of the way to keep as much of the rate cut themselves and not pass it onto customers. Already watching this happening right infront of our eyes since the start of the RBA aggressive cuts from 1.5% to 0.75%. Cry me a river please! poor old banks not marking record profits year on year.