Q. If there was more competition between Australian banks, do you think this would stop the banks increasing interest rates by more than the Reserve Bank rate increases?
Total | Vote Labor | Vote Lib/Nat | Vote Greens | |
Yes | 47% | 48% | 50% | 55% |
No | 31% | 31% | 34% | 18% |
Don’t know | 22% | 22% | 16% | 27% |
47% think that if there was more competition between Australian banks, this would stop the banks increasing interest rates by more than the Reserve Bank rate increases while 31% disagree.
Older people and those on lower incomes were split in their opinions – for those aged 55+, 41% agreed and 38% disagreed while 41% of those on incomes under $600pw disagreed and 38% agreed.