Australia’s big banks are among the most profitable in the world, so forcing them to compete is essential, says Greg Jericho. On this episode of Dollars & Sense, Greg and Elinor get out the world’s tiniest violin for Australia’s big banks, who are finally having to compete to offer better mortgage rates, and discuss why three of the 'big four' are now offering less for term deposits. Greg Jericho is Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia. Each week on Dollars & Sense, Greg dives into the latest economic figures to explain what they can tell us about what’s happening in the economy, how it will impact you and where things are headed. australiainstitute.org.au // @theausinstitute Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @GrogsGamut Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @ElinorJ_L Theme music: Blue Dot Sessions We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to [email protected] Dollars & Sense: https://nb.australiainstitute.org.au/donateSee omnystudio.com/listener for privacy information.

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