Banks must pass on rate cuts: Swan

By Jessica Stanic · 7 April 2009 · Locked

Full details: Banks must pass on rate cuts: Swan

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Summary

As the RBA meets today to decide whether interest rates will be reduced, following their decision last month to keep rates steady at 3.25 percent, Treasurer Wayne Swan has urged banks to pass on any cut in official rates today to struggling homeowners. “We do acknowledge there’s a complex set of factors out there and […]