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

Australian Treasurer Urges Banks to Pass on Any Rate Cut: Media More FILE PHOTO: The new treasurer josh frydenberg attends the swearing-in ceremony in Canberra, Australia August 24, 2018.

There is now a very good chance that the Reserve Bank will cut interest rates. and then announce their intention to pass on any official rate cut after the board meeting. rba governor Glenn Stevens.

[MELBOURNE] 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.

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Other banks were expected to follow suit after Treasurer Josh Frydenberg told the heads of the country’s Big Four banks the government wants them to pass on the rate cut in full. Last month, Australia.

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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Pass it on: Treasurer Josh Frydenberg has been speaking to bank CEOs. Australians should have the full benefits of a likely cut to the official cash rate passed onto them, federal treasurer Josh.

Swan urges banks to pass on rate cut.. expected "a maximum possible pass-on" of any rate cut.. the extent of the banks’ ability to pass on any official cut was up to it, the treasurer said..

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.

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.

The Reserve Bank of Australia (RBA) is widely expected to cut rates on Tuesday to a record low of 1.25% from 1.5% in what would mark the first rate change in nearly three years.

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.