There is, though, a legitimate discussion to be held as to who pays the price. We see this issue frequently debated in our media. One possibility is that the cost falls on the bank shareholders in the form of lower returns on equity.
Another is that it falls on borrowers in the form of higher interest rates on bank loans relative to the cash rate. Ultimately, the balance is for the market to sort out, but it would seem unlikely that the cost will fall entirely on one side or the other.