Market Updates Pass on full interest rate cut, Treasurer Wayne Swan tells banks ... TREASURER Wayne Swan does not believe the major banks when they say they can't afford to pass on the latest official interest rate cut. The big four - ANZ Bank, Commonwealth, National Australia Bank and Westpac - have yet to indicate their response to yesterday's cut, but they did not match the 50-basis-point cut in May. Follow us on Twitter for more news, tips and inspiration. Like us on Facebook and Google+ explore our Pinterest boards. Like this article or found it helpful? Share it!