Joe Hockey (North Sydney, Liberal Party, Shadow Treasurer) Share this | Hansard source

My question is to the Treasurer. I refer the Treasurer to the reported statement yesterday by the National Australia Bank CEO, Cameron Clyne, that the country’s major banks will not be backing off on their arguments for higher interest rates regardless of the movements in the Reserve Bank’s cash rate. Given that the banks have ignored the Treasurer’s first 31 warnings, why will they take the 32nd warning seriously and not increase interest rates outside of the RBA’s movements?

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