What we're talking about

Bob Lord on Ford a "kick in the guts" Oh dear RichardJust watching our very own fiscal twit Nicholls stating that a raft of taxes will be rising in Queensland in ... more
bespectacled on New schools for Queensland How about using the fv school for a library and buy the adjacent commercial buildings to add to the school oval for leisure ... more
ArtG on New flood tax planned I knowwwww, mick, I knoowwww... more
Bob Lord on Ford a "kick in the guts" OK Richard, fair enough.The bloke who wants to run the country doesn't need to have a vision or plans for when he gets ... more
jaycee on Ford a "kick in the guts" my vishion 20/20,roberto earldomo, is maybe a bit on the blue side but overall I'm sitting pretty here on a north shore ... more
mick on New flood tax planned Artg she certainly did not want them to die of thirst so she opened up Wivenhoe and flooded Brisbane trying to drown them. more
Richard on Ford a "kick in the guts" Bob, you seem to be changing canoes mid stream and now paddling the other way.BTW Tony Abbott is not running the country.A ... more
mick on Ford a "kick in the guts" The majority of Australians do know that they do have good plans and visions for all Australians, you are just too stupid to ... more
Bob Lord on Ford a "kick in the guts" TSK TSKThose silly Ford people not having a good business plan hey Tony. Fabulous hindsight once again from you.Ya got a ... more
David T. on Analog TV switch-off will not affect 4BC Anyone with an analogue TV can buy a Digital set-top box. If you're on a full Govt. pension, you might get a box for free ... more
David T. on Lord Wedgwood on antiques Adam, Google them under Rick Milne Collectables and Shields Stamps and Coins. Both are in Victoria. I'm sure you'll find the ... more
Adam on Lord Wedgwood on antiques Can someone please provide me Rick Milne and Tony Shields email address so we can contact them.Thanks more
kernel fudpucker on IR changes opposed All smoke and mirrors. They all lie in the same BED !! more
kernel fudpucker on New schools for Queensland Private companies?? There's only one, SERCO!!!. Do your research, SHEEPLE !!!! more
kernel fudpucker on New flood tax planned How about a (POLITCAL FAILURE TAX) Payed back to the people, set at 200% more
Kattie on $5 to browse Coorparoo store Perhaps, we've been now excited to have the actual dad's or mom's early morning hours ingest. Listed here is a lack of yet ... more
single slot toasters review on Amalfi Coast Recpies I don't know whether it's just me or if everyone else experiencing problems with your website. It appears as if some of the ... more
Richard on Party precinct: failed Can not think of a time in the entire history of mankind where alcohol consumption has not led to etiquette hell.Let it ... more
hospitality is dead or rather never was on Party precinct: failed Get rid of hositality and its segeregation /and age groupdiscrimination practices and it might just bring back boomers and ... more
Gayle on New schools for Queensland Now this is called good Government and forward planning, the demographics have changed and there are more families with ... more

Swan pushes banks

Posted by: 4bc.com.au | 3 October, 2012 - 8:06 AM

Treasurer Wayne Swan has once again urged banks to pass on the full interest rate cut the Reserve Bank of Australia (RBA) made on Tuesday.

The RBA announced it would cut the cash rate by a quarter of a percentage point to 3.25 per cent in response to a weakening outlook for global economic growth.

Mr Swan said on Wednesday many of the retail banks "have form" in not passing on full cuts but families and small businesses with mortgages deserved the cut.

"I think we'll see a variety of responses from a variety of financial institutions," he told ABC radio.

"From my point of view, the banks should not keep some of this rate cut back, they should pass it through in full."

Blog comments

Borrowings at $150Bn or $17,241 per Tax Payer, very manageable. Australia's economy is one of the best performing (if not the best) first world economies on the planet, end of story.

James W Monday 19 November, 2012 - 11:07 AM
the borrowing and spending still out of control, and where is the budget suplus.
Rich here is another one in LaLa land still believing in the Europe gang of idiots.

mick Monday 19 November, 2012 - 7:17 AM
mick, good news, the IMF has given Australia's economy a big tick. The IMF is forecasting growth of 3.25 per cent in 2012 for the Australian economy, faster than any major advanced economy.

James W Sunday 18 November, 2012 - 5:49 PM
Hey Bob,
I know that you live in LA LA land but no one has denied the economy is strong.
What we are saying to those in LA LA land is that Swann and Gillard should claim ownership of our geography and China's insatiabale appetitite for our mineral resources.

Rich Wednesday 10 October, 2012 - 10:23 AM
Yes Gayle and Rich(ard), still living in the world of gloom and doom I see. Those ratbags at the IMF have this to say about the Australian economy "AUSTRALIA is now the 12th largest economy on the planet, and the standout performer among advanced economies according to the International Monetary Fund. "
And we still have THREE TripleAAA ratings despite a worldwide recession eating into everything - amazing.

Bob Lord Wednesday 10 October, 2012 - 6:47 AM
Harry
I don't deny that Swannie/ Gillard/Rudd have achieved nothing and yes the facts do speak for themselves, they have achieved what was previously unimaginable they have put us into $250 Billion DEBT

Gayle Tuesday 9 October, 2012 - 4:13 PM