Fundamental: Australia PM Calls on Banks to Apply Rate Hikes to Deposits

Australian Prime Minister Anthony Albanese called on the country's big banks to boost deposit rates for savers amid concerns rate hikes are only being passed on in full for borrowers. "It is completely unacceptable," Albanese said in a TV interview on Flashpoint WA broadcast Sunday. "The banks need to get their act together." Albanese said the government ...     Alert Feb 26, 2023, 2:22pm Fundamental: Australia PM Calls on Banks to Apply Rate Hikes to Deposits Australian Prime Minister Anthony Albanese called on the country's big banks to boost deposit rates for savers amid concerns rate hikes are only being passed on in full for borrowers. "It is completely unacceptable," Albanese said in a TV interview on Flashpoint WA broadcast Sunday. "The banks need to get their act together." Albanese said the government ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support