Bank levy will have 'trivial' impact on interest rates, Treasury secretary says

Published: 29/05/2017
Bank levy will have 'trivial' impact on interest rates, Treasury secretary says
Source: WWW.THEGUARDIAN.COM

John Fraser tells Senate estimates Treasury stands by $6.2bn forecast revenue from levy and does not fear interest rates will rise as a result The Treasury secretary, John Fraser, has said the Turnbull government’s $6.2bn bank levy will have a “trivial” impact on interest rates, dismissing concerns by the major banks that it will be disruptive. He told Senate estimates Treasury had no reason to re

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