Big four banks pass on full RBA rate cut

By Loren Webb · 4 March 2020 · News

Big four banks pass on full RBA rate cut

Big four banks make crucial decision on RBA rate cut

The Reserve Bank of Australia has cut interest rates to a record low, but will your bank pass on the full cut? Find out what the big four banks have decided and how it will affect your home loan.

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Summary

All of the big four banks have passed on the full Reserve Bank of Australia cash rate which yesterday was cut to a record low of 0.5%. Westpac was the first to break the silence, with CBA, NAB and ANZ following suit in passing on the full cut to home loan customers. This is largely […]