Interest Rate Cuts – What Does This Mean for You?
The Reserve Bank of Australia (RBA) announced consecutive rate cuts in June 2019 and July 2019, bringing the cash rate down from 1.5% to 1%*. Prior to this, the cash rate had been held steady at 1.5% unchanged for more than 2½ years. For many lenders, more specifically those sourcing wholesale funding within Australian shores, […]