Consecutive Cash Rate Cuts! – June & July 2019
Back to back rate cuts marked the end of a 2 year Cash Rate Hold. The cash rate now sits @ 1% with most banks passing on between 40-50 basis points for variable rate loans.
For the full RBA Media Release, click through to the following link https://www.rba.gov.au/media-releases/2019/mr-19-18.html
I’ve put together a short video to break down the changes.
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