RBA Cash Rate Down, but…

0829 Sooner Solutions logo email and web… as you can see below, the 90-day and 5-year swap rates are slightly higher.  Some of my clients expect a decline in the Cash Rate will mean a lower rate for their Medical Equipment and other Finance.  But, the banks set their fixed rates for fixed term loans based on their costs from week-to-week.  The RBA Cash Rate is not part of those calculations.