Has your bank passed the June 2019 interest rate cut on?

June 4, 2019 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Home Loans, Interest Rates, NAB, St George, Suncorp, variable interest rate, Westpac by Administrator

Soon after the Reserve Bank of Australia announced they will reduce the official cash rate from 1.50% to 1.25%, NAB and Commonwealth Bank have decided to pass on the full interest cut off their variable rate lending by 0.25%. ANZ and Westpac have decided not to pass on the full amount and only pass on
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Interest Rates Down by 0.25%

June 4, 2019 ANZ, Commercial Loan Interest rates, Commercial Property Loans, Fixed Rates, Home Loans, Interest Rates, NAB, variable interest rate by Administrator

With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016 and I’d like to share some thoughts on why the Reserve Bank of Australia has
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Month: June 2019

Has your bank passed the June 2019 interest rate cut on?

Interest Rates Down by 0.25%