Lenders are taking too long to pass on rate cuts

By John Collett
Updated October 27 2015 - 10:23am, first published October 9 2015 - 2:00pm
While the cash rate has dropped, consumers are still paying a high price for credit card and personal debt. Photo: James Davies
While the cash rate has dropped, consumers are still paying a high price for credit card and personal debt. Photo: James Davies
 
 

Are lenders taking advantage of borrowers? Despite interest rates falling this year, lenders have hardly moved the interest rates they charge on credit cards and personal loans.

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