Tag: reserve bank decisions
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CommBank and Unloan Lead Competitive Home Loan Rate Cuts
CommBank and Unloan have recently announced further cuts to variable investment home loan rates, solidifying their positions as some of the most competitive lenders in Australia. The move comes amidst a broader trend in the market where several major banks have been adjusting their rates to align with the Reserve Bank of Australia’s decisions. The…
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CBA Lowers Home Loan Rates to Ease Financial Burdens
The Commonwealth Bank of Australia has responded to the recent decision by the Reserve Bank of Australia to reduce the official cash rate by 0.25% per annum. In line with this, CBA announced a corresponding decrease of 0.25% per annum in home loan variable interest rates. These changes are set to take effect from 30…