Don’t wait for the banks, or the RBA, give yourself a rate cut today – InfoChoice

At its April meeting, the Reserve Bank of Australia (RBA) decided to keep the official cash rate at 1.5% – taking a ‘wait and see attitude’ before the Federal Budget release at 7pm today. Any measures to support economic growth included in the Federal Budget are likely to influence the RBAs decisions in coming months.

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How to talk your way to a lower interest rate. Alex Ritchie. Feb 21, 2018. Don’t wait for the RBA, join RateCity’s Under 4% club today. Sick of waiting for the Reserve Bank to deliver you a rate cut? With the cash rate on hold for the past 11 months, it could be time to take matters into.

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One major bank’s chief economist is confident the RBA will lower the official cash rate later today after he correctly forecast a rate cut last month. On December 4 last year, Westpac’s Bill Evans forecast that the Reserve Bank would decide to cut the cash rate by.

14 May 2015: ANZ was the only one of the Big Four to pass on in full to home loan customers the 25 basis point cut. ANZ lowered its standard variable rate to 5.38% soon after the RBA made their decision earlier this month. However, the Commonwealth Bank of Australia (CommBank) and National Australia Bank (NAB) did not follow suit.

Don’t wait for the RBA to save you money on your home loan With the Reserve Bank of Australia announcing a 0.25% cut in the official cash rate today, Australians.

Prime Minister Malcolm Turnbull has urged banks to pass on yesterday’s rate cut in full. The Reserve Bank cut the official interest rate to a new low of 1.5 per cent, a 25-basis-point change which.

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Don’t count on banks passing on the next rate cut What this means is that the banks will be much more reluctant to pass on the next rate cut (assuming the RBA goes again) given that their.