Treasurer Josh Frydenberg lambasted ANZ for not fully passing on the RBA's 0.25 percentage point interest rate cut, the first change to official rates in 34 months.
The Commonwealth Bank and National Australia Bank subsequently announced they would pass on the full cut. Westpac said late today it would pass on 20 basis points.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
