Andrew from Vista Financial Posted May 3, 2016 Share Posted May 3, 2016 On the day of the budget the RBA have decided to cut the official cash rate by 0.25%. This now means the rate stands at 1.75%. The official media release can be found here: http://www.rba.gov.au/media-releases/2016/mr-16-10.html Quote Link to comment Share on other sites More sharing options...
movingback Posted May 3, 2016 Share Posted May 3, 2016 Ugh not good for transferring AUD to GBP! Quote Link to comment Share on other sites More sharing options...
NicF Posted May 3, 2016 Share Posted May 3, 2016 Let's hope the banks pass on the cut to the mortgage customers. Quote Link to comment Share on other sites More sharing options...
Red Nav Posted May 3, 2016 Share Posted May 3, 2016 Let's hope the banks pass on the cut to the mortgage customers. Haha yeah next quarter probably! Quote Link to comment Share on other sites More sharing options...
Parley Posted May 3, 2016 Share Posted May 3, 2016 NAB is passing on the cut in full to its mortgage customers effective from Monday 16th May. Quote Link to comment Share on other sites More sharing options...
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