Reserve Bank cuts official cash rate
March 2020Share This Story
Reserve Bank cuts official cash rate.
At its’ meeting on 3 March 2020, the Reserve Bank of Australia (RBA) decided to lower the cash rate by 25 basis points to 0.50 per cent.
As a customer-owned bank, we very carefully consider the needs of all our customers and aim to achieve a good balance between the needs of both our borrowers and our deposit customers.
We are currently reviewing our rates and will provide further details on our rate decision on Wednesday, 11th March.
Please check back into our News section for our announcement.