Australian treasurer urges banks to pass on any rate cut: media

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Lenders may not pass on to home loan customers the full amount of the Reserve Bank of Australia’s imminent interest rate. they will pass on any rate cut in full,” she said. Ms Lamont said banks.

Treasurer Josh Frydenberg is urging the banks to pass on the RBA’s interest rate cut in full.

news; Follow NAB’s lead, Swan urges banks. TREASURER Wayne Swan expects banks to pass on any interest rate cut, after National Australia Bank today vowed it would lower its rates.

Treasurer Josh Frydenberg has warned major banks to pass on any official interest rate cut next week to borrowers, despite bank investors and economists expecting part of any cut to be held back.

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 · Following the RBNZ official cash rate cut, banks are adjusting their home loan rates.. So far, only ANZ and Kiwibank have announced new floating mortgage rates. ANZ has also said it will be trimming some fixed rates by "between -6 basis points and -14 bps".

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Australians should have the full benefits of a likely cut to the official cash rate passed onto them, Treasurer Josh Frydenberg has warned bank bosses. The Reserve Bank is widely expected to drop.

TREASURER Wayne Swan expects banks to pass on any interest rate. news; Follow NAB’s lead, Swan urges banks. treasurer wayne swan expects banks to pass on any interest rate cut, after National Australia Bank today vowed it would lower its rates.

Bankrate has answers. Our experts have been helping you master your money for four decades. Our tools, rates and advice help no matter where you are on life’s financial journey.

THE federal Government expects any interest rate cut by the Reserve Bank of Australia (RBA) to be passed on by the retail banks to their customers. Governor Glenn Stevens indicated last week that.

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