Lenders Passing on the 0.25% Rate Cut for May 2016

May 3, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, Investment Loans, NAB, St George, variable interest rate, Westpac by Administrator

Soon after the Reserve Bank of Australia announced they will reduce the official cash rate from 2.00% to 1.75%, the major banks and many other lenders have decided to pass on the full interest rate cut of 0.25%. Interestingly, NAB were the first to make the announcement to reduced their variable home loan and investment loan interest
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Interest Rates down by 0.25% – May 2016

May 3, 2016 Commercial Property Loans, Home Loans, Interest Rates, Investment Loans, variable interest rate by Administrator

After speculation that the Reserve Bank of Australia was going to reduce interest rates by 0.25% due to low inflation they have decided to reduce rates to 1.75% at a historic low. It is expected that the major banks and other lenders will not pass on the full 0.25% rate cut but we will
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Month: May 2016

Lenders Passing on the 0.25% Rate Cut for May 2016

Interest Rates down by 0.25% – May 2016