House debates Questions without Notice

Interest Rates

Tuesday, 2 December 2008 House of Representatives

Malcolm Turnbull

Malcolm Turnbull Wentworth, Liberal Party, Leader of the Opposition

2:01 pm

My question is addressed to the Prime Minister. Given that Australia’s banks now benefit from the Australian taxpayer backed wholesale funding and deposit guarantees, when will the Prime Minister finally change his tune and join the coalition in unequivocally telling the banks to pass on any official interest rate cut in full to borrowers across the country—no ifs, no buts, just pass it on?

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