Westpac holds owner occupier cuts, slashes specufestor

Welcome back to the good times, via Banking Day:

While ANZ bore the full brunt of the public backlash, ING appears to have escaped scrutiny of its move to pass on only a 17 basis point cut to new borrowers.

ING’s actions are potentially more egregious than those of ANZ and Westpac because thousands of home borrowers already servicing the Dutch-owned bank’s $50 billion Australian mortgage book are not in line to receive any rate reduction.

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