Tag: financial news updates
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Big Four Banks Respond Swiftly to RBA Rate Cuts
Following the Reserve Bank of Australia’s decision to cut the cash rate by 0.25 percentage points at the August monetary policy meeting, Australia’s Big Four banks have swiftly reacted to the changes. The RBA’s cash rate target now stands at 3.60 per cent, prompting a series of responses from major financial institutions. ACCOUNT INTEREST RATE…
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Australian Banks Cut Home Loan Rates After RBA’s Decision
Australia’s major banks swiftly reacted to the Reserve Bank of Australia’s decision to reduce interest rates, marking the first rate cut in four years. The “big four” banks – CBA, NAB, Westpac, and ANZ – promptly announced their rate adjustments following the RBA’s public announcement on Tuesday. HP 10BII+ Financial Calculator, Black | $83.86 NAB…
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ANZ Economists Predict Significant Rate Cuts Amid Global Uncertainty
Australian mortgage holders are bracing for potential changes in interest rates, with ANZ economists suggesting that rate cuts could come sooner and in greater magnitude than previously anticipated. This shift follows US President Donald Trump’s announcement of a 10% tariff on all imports, which could impact Australia’s exports to the US. The Australian Guide to…
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Australian Banks Lower Interest Rates in Response to RBA
Australia’s Big Four banks have swiftly responded to the Reserve Bank’s recent decision to cut interest rates by 0.25 percentage points, bringing the rate down to 3.85 per cent. This adjustment marks the lowest level for interest rates since May 2023, following the RBA’s decision to maintain the cash rate at 4.1 per cent in…
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Virgin Money Reverses Decision, Passes Full Rate Cut
In May 2025, the Reserve Bank of Australia announced a rate cut that many banks were expected to pass on to their customers. However, 14 Australian banks initially resisted implementing the full rate reduction, including Virgin Money. This decision sparked concerns among customers who faced the prospect of paying higher interest rates compared to other…