At its latest meeting, the Reserve Bank Board announced it was reducing the cash rate to 3.85 per cent, down from 4.10 per cent.
At its latest meeting, the Reserve Bank Board announced it was reducing the cash rate to 3.85 per cent, down from 4.10 per cent.
Please click here to view the Statement by Michele Bullock, Governor: Monetary Policy Decision.
With the official rate change, we're watching closely what the banks do with their rates, as some of Australia's biggest lenders may make changes to their rates.
You will be notified directly by your bank if and when they change their interest rate.
Please get in touch if you would like to discuss recent rate movements or if you would like to review your finance options.
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