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Pass on rate cut, Treasurer warns

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.

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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. The Commonwealth Bank and NAB said they would pass.

Shadow treasurer Jim Chalmers said Australians would "be absolutely filthy at any bank that doesn’t pass on these rate cuts". The nation’s biggest home lender, the Commonwealth Bank, will pass through all of the rate cut, but its customers will have to wait until June 25 before seeing the benefits.

Treasurer josh frydenberg lambasted anz for not fully passing on the RBA’s 0.25 percentage point interest rate cut, the first change to official rates in 34 months. The Commonwealth Bank and National.

Swan warns banks to pass on rate cuts The Treasurer, Wayne Swan, gave notice yesterday that he would be pushing the banks to pass on any rate cut granted next week. "I won’t be pulling back from my discussion about the important issues associated with interest rate cuts; I will be making frank and fearless comments about that," Mr Swan said.

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.

So, why aren’t the banks passing on the rate? Find out more here; ANZ was the only major bank to pass on the full 0.25 cut this month, after earning a clip round the ear from Treasurer Josh.

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 Australia.

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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.

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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