Andrew Heaven was recently interviewed by The Age for his take on the 25 basis point cut to the official cash rate:

”At best, people will reconsider their online, internet-based savings account,” he said. ”The key driver is going to assess where people can derive income. Post GFC, it was about the retention of capital. But coming off, it’s income.”

Read the entire article here:

Cut to boost shares, property; savers hit