RBA reduces cash rate to 2%

RBA reduces cash rate to 2%

RBA reduces the cash rate to 2.00%.

RBA Governor’s statement is here.

Home loan standard variable rates are around 5.5% by most of the lenders for residential properties. Most of the borrowers are able to secure variable rate of around 4.5%, depending on their circumstances and product chosen.

May 5, 2015 / Site News

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