It has now been 2 weeks since the RBA announcement and most lenders have responded by announcing changes to their standard variable rates. ANZ and ING DIRECT were quick out of the blocks passing the full RBA cut on to their customers. Then in stepped the CBA - the market leader kept 5 points of the rate cut for itself announcing that it was for their clients with deposits (no mention of shareholders?). Other lenders found this margin grab impossible to resist! Nearly every announcement from then, was for a 20 point cut, the notable exception being Westpac which moved down by 22 points.