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RBA’s April rate cut prompted by unexpectly bad economic news

The Reserve Bank of Australia (RBA) cut interest rates earlier this month after it realised the outlook for economic growth was even worse than...

Bank of Queensland cuts SVR on mortgages by 10bps to 5.89pct

Bank of Queensland Ltd (BoQ) has cut its standard variable rate on mortgages by 10 basis points, in line with other banks. BoQ said its...

Exclusive: John Symond defends banks’ decision to pocket rate cut

By Jill Fraser for Lending Central Not only does Aussie Home Loans' executive chairman, John Symond believe that banks are justified in passing on less...

St George cuts standard variable home loan rate by 10bps

St George Bank has cut its standard variable home loan interest rates by 10 basis points. The bank, which is owned by Westpac, said its...

Banks bow to political pressure, pocket 15bps of RBA cut

Four large lenders have matched the Commonwealth Bank in passing on less than half Tuesday's official cut to interest rates. The move comes after the...

Rabobank announces 0.25% reduction in variable base rate on rural loans

Rabobank Australia Limited has announced it will lower the variable base rate on its rural loans by 0.25% per annum, effective April 17, 2009. Rabobank...

ANZ cuts SV rate by 10bps, mirrors CBA move

ANZ Banking Group Ltd has cut its standard variable home loan interest rate by 10 basis points, mirroring a move by Commonwealth Bank of...

CBA stands alone on rate cut, boost beneficial funding gap

The Commonwealth Bank of Australia (CBA) stands alone as the only major bank to cut interest rates after another easing in monetary policy -...

RBA makes small rate cut as jobs toll mounts

The days of huge interest rate cuts may be over with the Reserve Bank of Australia (RBA) making only a modest 25 basis point...

Rate cut the right step, says Loan Market Group

Leading mortgage broker Loan Market Group said the Reserve Bank of Australia had taken the right step by deciding to again lower official interest...

CBA drops SVR by 10bps following RBA 25bps rate cut

Commonwealth Bank of Australia Ltd (CBA) has cut its standard variable home loan rate by 10 basis points. The move comes after the Reserve Bank...

The Interest Rate Cut List – From the April 7 Announcement

Well, it's "Rate Day" yet again and we love hearing that rates have come down yet again! As most of us are now...

RBA announcement small rate cut, no hint if more to come

The Reserve Bank of Australia (RBA) cut its benchmark interest rate by a quarter of a percentage point on Tuesday, a move midway between...

Westpac dampens rate cut expectations

Westpac Banking Corp Ltd chief executive Gail Kelly has dampened expectations that banks will pass on in full any interest rate cut by the...
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