Bank Rates Reactions

The Prime Minister is calling on the chief executives of Australia's biggest banks to explain why they have not passed on yesterday's (tue) full official interest-rate cut.

Bill Shorten says the banks' refusal to pass on the rate cut is why a royal commission is needed. (AAP)

Many consumers say they have come to expect the banks will do what they can to make their money.

Failing to pass on the Reserve Bank of Australia's (RBA) rate cut in full is no exception