Pass on rate cut, Treasurer warns

Treasurer warns banks they must pass on benefits to families when their borrowing rates eventually fall again. Swan warns banks not to borrow too much time Skip to sections navigation Skip to.

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Treasurer Josh Frydenberg has told the bosses of the big four banks that the government expects them to pass on in full any cash rate cut from the Reserve Bank on Tuesday. Any cut would help to.

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Banks cut interest rates in response to Reserve Bank decision. Treasurer Josh Frydenberg slammed ANZ's decision to pass on just 70 per.

The Reserve Bank Governor Philip Lowe has piled on criticism of ANZ and Westpac’s decision to hold back some of the rate cut, saying lower bank funding costs meant the cut must be passed on in full.

Swan warns banks to pass on rate cut THE nation’s big banks will infuriate customers if they fail to pass on an interest rate cut in full, Treasurer Wayne Swan says. By Max Blenkin

AUSTRALIA’S big banks are hugely profitable and their customers would be very angry if they failed to pass on an interest rate cut in full, Treasurer Wayne Swan says. In a pre-emptive strike ahead.

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Pass on rate cut, Treasurer warns banks Josh Frydenberg has issued a stern warning to the big banks ahead of today’s expected interest rate cut by the Reserve Bank. Marnie Banger, AAP

Swan warns banks to pass on rate cut. 3:38pm Feb 5, 2012. would be very angry if they failed to pass on an interest rate cut in full, Treasurer Wayne Swan says.. very angry if they don’t.

Australia’s conservative government is close to securing enough votes to pass sweeping tax cuts after independent lawmakers said on Tuesday they were poised to strike an agreement with Prime Minister.

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An historic interest rate cut and lower income tax could benefit two-income families to the tune of $3000 a year, Treasurer Josh Frydenberg says. However, Labor and unions say the decision by the Reserve Bank to lower the cash rate by 0.25 percentage points to a record low 1.25 per cent is a sign the re-elected Morrison government has taken its hands off the economic wheel.