Pass on full interest rate cut, Treasurer Wayne Swan tells banks ... TAGS Beginner (520) / Intermediate (494) / Expert (521) 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!