Articles on Interest rates

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Commonwealth Bank chief Ian Narev was the first to appear before a parliamentary committee inquiring into the practices of the big four banks. Lukas Coch/AAP

Banks make millions in delaying interest rate cuts

When the cash rate increases, lending rates shoot up like rockets, but when the opposite occurs they go down like feathers.
After the Reserve Bank cut the cash rate by 25 basis points to 1.5%, the four big banks said they would pass on only part of the reduction. Paul Miller/AAP

Turnbull to banks: pass on whole interest rate cut

Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday's rate cut - or their chief executives must explain why they are not doing so.
The RBA has cut rates to try and stimulate inflation and growth. Dean Lewins/AAP

Economists react: RBA cuts rates to 1.5%

Economists are divided on whether the latest interest rate cut to 1.5% was needed, as the RBA tries to boost inflation and growth.

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