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What Does the ACCC Investigation Really Find and Is It a Slap on the Risk?
The ACCC are doing a bit of an investigation into how banks and lenders use deposit rates. It's just wild because how banks actually make money, they take what they call a spread. So that profit marginal spread is just clearly on wild over the last nine rate increases. We haven't seen nine consecutive rate increases on savings rates. No. And the gap will continue to widen.
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