Interest Rate Cut!!

[Andrew Williams]

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?

[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 Williams]

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