House debates Questions without Notice
Interest Rates
Nola Marino Forrest, Liberal Party
4:01 pm
My question is to the Treasurer. I refer the Treasurer to recent cuts in official interest rates. Treasurer, a company in my electorate has a business overdraft facility with Westpac Bank. With the current cash rate at 3¼ per cent, why is this company still paying 10.1 per cent interest?
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