Spending up, but pressure on banks' rates

By Angus Livingston, Aap National Economics Writer
Updated October 4 2019 - 6:58am, first published 6:53am
Treasurer Josh Frydenberg has called on mortgage holders to step away from the major lenders.

Australians spent up on little luxuries in August as income tax cuts took effect, but Treasurer Josh Frydenberg is frustrated the big banks won't push more money into the economy.

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