Rate cuts continue, not all pass on full saving
Macquarie and Bankwest are among several more lenders to announce mortgage rate cuts in response to the Reserve Bank’s second consecutive adjustment, but many are only passing on part of the saving.
On Tuesday (2 July), the Reserve Bank of Australia (RBA) lowered the official cash rate to a new record low of 1 per cent, marking the second month in a row in which the cash rate had moved – after nearly three years of inertia.
Read more at MyBusiness.
