Turnbull to banks: pass on whole interest rate cut
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
Prime Minister Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday’s rate cut - or their chief executives must explain why they are not doing so.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction. They have also said they...







