Australian banks lift interest rates as the govt searches for savings

Summary

In another blow for households, Australia's big four banks have confirmed they will pass on the latest rate hike in full. Under increasing pressure to find savings, the prime minister has flagged hard decisions from the government are on the way. Political reporter Lexie Jeuniewic explains. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-11-04/australian-banks-lift-interest-rates-after-rba-cash-rate-hike/107341858 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia

Description from ABC News (Australia).