RBA cut cash rate to 1.25%

Posted Tuesday, 04 June 2019 at 14:39 by Shape Home Loans
Tagged: RBA | Rate Change | news
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The Reserve Bank of Australia interest rate annoucement

Mortgage rate cuts are on the cards after the Reserve Bank dropped the official cash rate for the first time in almost three years ( since August 2016) . The Reserve Bank of Australia (RBA) has cut the official cash rate to 1.25 per cent, following its monetary policy board meeting.

Question is, when and how much of the rate cut will the bank pass on?

Source: http://www.rba.gov.au/