House debates Questions without Notice

Interest Rates

Tuesday, 2 December 2008 House of Representatives

Luke Hartsuyker

Luke Hartsuyker Cowper, National Party, Deputy Manager of Opposition Business in the House

2:36 pm

My question is to the Prime Minister. Prime Minister, the standard interest rate charged by the big four banks ranges from 19.24 per cent to 21.14 per cent on credit cards. Given today’s reduction in the cash rate to 4.25 per cent, what decisive action is the government taking to ensure that credit card holders benefit from the reductions in the cash rate?

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