Treasurer concedes banks to hold rate cut
| Source: | ABC News |
|---|---|
| Published: | Sunday, October 5, 2008 8:58 AEST |
| Expires: | Saturday, January 3, 2009 8:58 AEST |
The Federal Treasurer, Wayne Swan, says banks are unlikely to pass on the full amount of any interest rate cut this week, given the global financial market turmoil.
