Perspective with Ryan Bridge: We've got to take the wins where we can get them

Best of Business · Apr 9, 2025 · 2m · transcript

So the Reserve Bank did the predictable thing today and cut 25 basis points.

Good news for mortgage holders, good news for the economy, more money in our pockets and more money to spend.

Of course it's not going to change the world, it's a quarter of as percent on the wholesale rate. And the wholesale rate is only makes up a portion of the bank's rate. And the bank's rate only matters if you haven't already fixed.

And so far, the banks haven't budged on fixed rates, only floating.

The banks' swap rates are most important here - and there's talk they could fall further too, so we could get a…