Banks Passing on the 0.25% Interest Rate Cut for August 2016

August 2, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Commonwealth Bank, ING Direct, Interest Rates, NAB, RAMS, St George, Suncorp, variable interest rate, Westpac by Administrator

UPDATE 3:15 pm: Commonwealth Bank (CBA) have only passed on 0.13% of the 0.25% rate cut. We expect other banks and lenders to follow their lead. Not long after the Commonwealth Banks decision NAB, ANZ and Westpac have all reduced variable interest rates but not by the full amount. They are making their mortgage
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August Interest Rate Cut to 1.5%

August 2, 2016 Fixed Rates, Interest Rates 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 1.50% – 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 monitor
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Month: August 2016

Banks Passing on the 0.25% Interest Rate Cut for August 2016

August Interest Rate Cut to 1.5%