House debates Questions without Notice

Economy

Wednesday, 24 September 2008 House of Representatives

Wayne Swan

Wayne Swan Lilley, Australian Labor Party, Treasurer

2:40 pm

I thank the shadow Treasurer for her question. It is true that the banks have been very profitable in Australia, particularly in the first quarter of this year, and that is why I was so absolutely insistent earlier this year that if there were to be a cut in the official RBA cash rate then that cut should be passed on.

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