With the RBA’s next meeting less than a week away, it’s looking more and more likely that we’ll see another reduction to the cash. borrowers shouldn’t count on their bank’s generosity this time.

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Reserve Bank keeps cash rate on hold but cut is imminent Trent Wiltshire May 7, 2019 The financial markets were predicting a 40 per cent chance of a cash rate cut on the day before the RBA meeting.

 · Earlier this month, the Reserve Bank of Australia cut the official cash rate again by 25 basis points to a record low of 1 per cent.. ANZ was the only major bank to pass on the full 0.25 per cent rate cut to variable home loans, while Westpac passed on a 0.20 per cent cut and CBA and NAB each passed on a 0.19 per cent cut.

Two of the big four banks have slashed the interest rates they pay on savings accounts, a week after passing on the Reserve Bank’s 25-basis-point cash rate cut to borrowers. Commonwealth Bank and National Australia Bank have announced rate cuts to their savings and term deposit accounts. Effective.

The Reserve Bank has cut the official cash rate for the first time in almost three years.. rate cut disaster looms.. "While today’s interest rate cut will give borrowers more mild relief.

The Reserve Bank of Australia’s decision to introduce another interest rate cut will deliver homeowners an array of benefits extending well beyond monthly savings on their mortgage repayments, experts claim. The RBA announced at its monthly board meeting tuesday that the cash rate would drop another 25 basis points to a record low of 1 per cent.

The Reserve Bank has cut the cash rate in a bid to stimulate the economy. It remains to be seen how much of the 0.25 per cent cut the various mortgage lenders will pass on to home loan borrowers.

 · The Reserve Bank of Australia has cut the official cash rate by 0.25 per cent to a record low of 1 per cent. It’s the first time the RBA made back-to-back cuts since 2012.

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Non-bank lender Homestar Finance has cut its variable owner-occupied rates on its Star Essentials product by 25bps, from 3.24 per cent (3.27 per cent comparison rate) to 2.99 per cent (3.02 per cent comparison rate), effective immediately.