Andrew from Vista Financial Posted June 5, 2012 Share Posted June 5, 2012 The RBA has today announced another interest rate cut, 0.25% is what the reduction is to be (perhaps not as much as some were expecting!!) bringing the rate down to 3.5%. Here is the official media release http://www.rba.gov.au/media-releases/2012/mr-12-13.html Regards Andy Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted June 5, 2012 Share Posted June 5, 2012 Thanks Andrew, I wonder if the banks will pass it on though, I very much doubt it :no: Link to comment Share on other sites More sharing options...
rikyuu Posted June 5, 2012 Share Posted June 5, 2012 the banks will be under immense pressure to pass on the cuts to help mortgage holders, but not so much the people with savings or those who can't afford a house as it will prop up the prices a bit. Link to comment Share on other sites More sharing options...
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