The Reserve Bank's $200 billion pool of cheap money has allowed the big banks to launch a fixed-rate refinancing blitzkrieg, luring customers away from smaller lenders and potentially causing irreversible damage to the competitive landscape, according to one of Australia's biggest non-bank lenders.
First Mac's Kim Cannon says the TFF risk creating serious and irreversible damage to the competitive landscape.
Loading...
James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
