Fighting for people over profits
Great news: The Reserve Bank of Australia just cut interest rates, giving relief to consumers.
Awful truth: The big banks are already figuring out how much they can pocket for themselves.
When this happened a month ago, the Big Four decided to keep a third of the cut for themselves to subsidize record-high executive salaries and new payouts to their investors. Now, they’re seeing if they can get away with it again.
We need to let the banks hear a massive outcry from customers letting them know that we’ve had enough of their greed.
Use the form on the right to sign the petition to the Big Four telling them to pass the full interest rate cut along to consumers.
Practically everyone in Australia agrees that the banks’ new strategy of pocketing interest rate cuts is greed, pure and simple. It’s one issue that unites us across all partisan and ideological lines, with even the Daily Telegraph urging its readers to light up banks’ telephone lines with their outrage. This money is supposed to go to Australian families, not to pad bankers’ profits.
The banks are closely watching the media narrative around their impending decisions to find out how much they can get away with. Let’s amplify the outrage and tell the banks that we’re not going to take any more of their greed lying down.
Add your voice now to tell the Big Four: stop pocketing our money.