Interest Rate Cut!!

[Andrew from Vista Financial]

The RBA has just announced another interest rate cut of 0.25% bringing down the rate to 4.25%!!

 

Here is the official release http://www.rba.gov.au/media-releases/2011/mr-11-28.html

 

 

 

 

Merry Christmas to borrowers!!

[Diane]

And how many of the banks are passing it on in full?

[Guest eager6]

And how many of the banks are passing it on in full?

Yeh,good news and bad.This was the first sign of recession in Europe when interest rates were cut.Hope Australia sees nothing like Europe has in the past few years.

[Andrew from Vista Financial]

ANZ have announced that they are passing on the full 0.25% rate reduction and NAB have just followed suit.

 

Come Westpac and CBA, "you can do it" !!

 

Andy