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Between April and October last year, the average standard variable rate offered by the big banks was almost double the RBA’s 49-year-low cash rate of three per cent. Mr Lim said Westpac’s December rate hike of 45 basis points was spectacular but the bank was no longer under as much pressure to pass on higher interest rates to its Christian Louboutin Crystal T-Strap Sandal .

“They probably have enough from the last round to maintain their margins,” he said. RateCity financial comparison website chief executive Damian Smith said the banks would be running against the historical trend if they did not pass on the expected rate hikes in full.

Prime Christian Louboutin Altadama watersnake shoes used a series of Australia Day functions around the country to lay the groundwork for a national discussion about an ageing population, mounting pressures on the health system and the cost of climate change inaction. On the current economy, Mr Swan hopes a $3.4 billion injection of government funds to five smaller lenders, including three non-bank lenders, will put competitive pressure on the big four banks to limit interest rate rises.

The Reserve Bank of Australia (RBA) board on Tuesday is widely tipped to increase its cash rate for an unprecedented fourth consecutive time in a bid to suppress inflationary pressures. “If history is any guide, they will likely pass on the full increase,” Mr Smith said of the major lenders. “But it’s hard for me to see why, suddenly, in February 2010 that would change.” He urged the Commonwealth, Westpac and ANZ to follow the lead of the National Australia Bank which has vowed to keep any adjustment to that set by the Christian Louboutin Circus Cutout Suede Bootie .