Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says the RBA's decision to cut interest rates by 50 basis points today was the right one but will do little for the economy if commercial lenders fail to pass it on in full.
"It is now on the big lenders in particular to restore faith with the Australian public, pass on the rate cut in full, and give our economy the shot in the arm it so desperately needs," Ms Bennett said.
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