Tag: money market trends
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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…