If the Reserve Bank lowers official interest rates to a new record low on Melbourne Cup day this week, analysts say big banks would pass on the bulk of the cut to borrowers.
Financial markets are betting there is roughly a 45 per cent chance of a cut in official interest rates on Tuesday.
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Clancy Yeates is deputy business editor. He has covered banking and financial services, and was previously national business correspondent in the Canberra bureau. Connect with Clancy on Twitter.
