Want to know who is passing on interest rate cuts? We’ve taken a look at who’s making life easier for borrowers and who’s taking the hard line.
RBA cuts interest rates to 2%On May 6 the The Reserve Bank of Australia cut interest rates by 25 basis points, bringing rates to a record low 2%. According to the RBA, Interest rates (also known as ‘the cash rate’) are an instrument used to regulate monetary policy.