John Cobb (Calare, National Party, Shadow Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

My question is to the Minister for Agriculture, Fisheries and Forestry. I refer the minister to comments he made at his 17 October summit with banks and farming organisations. He said:

… I have a high level of confidence now that before long we are going to see that—

interest rate cuts—

being passed on.

Given that the Reserve Bank has now cut interest rates since the summit, why have the minister and his government failed to get the banks to pass on the interest rate cuts in full to farmers, particularly on agricultural loans and overdrafts?

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