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

The Reserve Bank of Australia is being urged. build-up to the election – Treasurer Scott Morrison put lenders on notice on Friday that they would face more criticism if they failed to pass on any.

Treasurer Josh Frydenberg met with chief executives of Australia’s major banks in recent days to urge them to pass on the full value of any rate cut to borrowers. “I expect all banks to pass on the.

June 3, 2019. MELBOURNE (Reuters) – Australia’s treasurer has told the heads of the country’s big four banks that the government wants them to pass on in full any cash rate cut by the central bank, media reported on Tuesday.

Treasurer Josh Frydenberg has personally urged the nation’s biggest banks to pass on all of an expected 0.25 percentage point cut in official interest rates on Tuesday as the Reserve Bank of.

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The earlier than usual federal budget means the Reserve Bank went into Tuesday’s meeting knowing that any move risked posing a distraction to Treasurer. National Australia Bank was the first of the.

The Treasurer Josh Frydenberg is warning the big four banks to pass on in full any interest rate cut from the Reserve Bank of Australia. After nearly three years sitting on the sidelines, the RBA.

The Reserve Bank has cut official interest rates by 25 basis points to a fresh record low of 2 per cent, a move which treasurer joe hockey. the bank to hold off on any more cuts for the rest of the.

ANZ Bank has pledged to pass on in full any interest rate cut the Reserve Bank of Australia decides next month. September 16, 200910:53pm ANZ Bank has pledged to pass on in full 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.

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MELBOURNE, June 4 (Reuters) – Australia’s treasurer has told the heads of the country’s big four banks that the government wants them to pass on in full any cash rate cut by the central bank.