Andrew from Vista Financial

Merry Interest Rate Cut!!

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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

    Edited by Andrew from Vista Financial

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