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Merry Interest Rate Cut!!

Andrew from Vista Financial
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Andrew from Vista Financial Newbie

Andrew from Vista Financial

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The Reserve Bank of Australia has given borrowers a Christmas treat by today announcing interest rates are to be cut by 0.25% bringing the cash rate down to 3.0%.

 

This will certainly give those borrowers on variable rates something to cheer about this Christmas.

 

However for savers it is more a case of Bah-Humbug as they will see their savings rates on cash reduce again.

 

 

For the full media release please see here http://www.rba.gov.au/media-releases/2012/mr-12-36.html

Edited by Andrew from Vista Financial
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