Australia, Bankwest

How much the RBA rate cut will save you, and which banks have passed it on
The Reserve Bank of Australia's move to reduce the rate from 4.35 per cent to 4.1 per cent was widely expected by the market and is the first cut since 2020. For an average owner-occupier with a $600,000 loan, that cut will translate to a $92 reduction in their minimum monthly repayments.
Australian central bank cuts benchmark interest rate for the first time since October 2020
Australia’s central bank has reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools.
Australia's central bank cuts rates, cautious on further easing
The rate cut will provide some relief to borrowers and comes as good news for Prime Minister Anthony Albanese, who is facing a tough election to be held no later than May 17.
How banks are responding to Reserve Bank decision to cut interest rates
All four of Australia's major banks make their announcement just minutes after the RBA made its decision public.
Australia's central bank cuts interest rate for the first time in more than four years
The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows room for easing policy.
More than 500,000 Australian households get an RBA rate cut for the first time
The Reserve Bank’s decision to cut interest rates will be a shot in the arm for Australian households as the major banks announced they will pass on the full cut.
RBA dashes hopes of further rate relief after first cut in four years
The big four banks moved quickly to match the cut to their mortgage rates to alleviate the pain mortgage holders have been feeling since rates started rising in May 2022.
Aussie "Big Four" banks cut rates, mirroring central bank
Australian "Big Four" lenders cut their interest rates by 25 basis points on Tuesday, in tandem with the central bank cutting its rates for the first time since November 2020. The Reserve Bank of Australia (RBA) cut its cash rate by 25 basis points to 4.
Australian Reserve Bank Announces First Rate Cut Since 2020
The Reserve Bank of Australia (RBA) announced a rate cut of 25 basis points, bringing the cash rate down to 4.10% on Tuesday. This move marks the first rate reduction since November 2020, signaling the bank’s concern over domestic economic uncertainties.
Reserve Bank of Australia (RBA) cuts interest rates for the first time since 2020
The Reserve Bank Board of Australia (RBA) announced they had cut interest rates by 25 basis points to 4.10%. The easing is the first since November 2020, when the central bank cut rates while grappling with the pandemic’s economic slowdown.
Most banks ‘don’t cut your repayments’ when interest rates fall
Sky News Business Editor Ross Greenwood explains how most banks will maintain the same repayment rate when interest rates fall so people can pay more off their mortgages.
Mortgage repayment calculator: How much will you save now the RBA has dropped the cash rate?
Tell us your loan size, term and interest rate and our mortgage rate cut calculator will work out how much you could save as ...
Use our mortgage calculator to check how much a rate cut would affect you
Commercial banks make their own decisions about whether to pass on rate cuts to their mortgage rates. This masthead’s ...
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Why the RBA will slash interest rates
Gareth Aird and Stephen Wu, economists at CBA, published a report (presented below) explaining how the Reserve Bank of ...
Major banks move quickly to pass on cut in full
Westpac, NAB, CBA and ANZ have all announced a 25-basis-point cut to their mortgage rates, just minutes after the central ...
Australia Delivers Long-Awaited Rate Cut and Potential Soft Landing
Australia’s central bank delivered its first interest rate cut. But Reserve Bank of Australia Governor Michele Bullock warned ...