Banks warned not to hold back rate cuts

By Shane Wright, Eryk Bagshaw
Updated May 3 2019 - 7:30pm, first published 5:11pm

Treasurer Josh Frydenberg and shadow treasurer Chris Bowen have warned the big banks to pass on interest rate cuts to workers to stimulate a slowing economy, as the Reserve Bank prepares for its most politically charged meeting in years a week out from the federal election.

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