Published: 3rd November 2020
The Reserve Bank of Australia has decreased the official cash rate by 15 basis points to 0.1%. View the full statement by the RBA Governor Philip Lowe.
We are aware of the RBA’s decision to lower the official cash rate by a further 15bps. As a customer-based organisation, we must ensure we balance the needs of our loans and deposit customers, while remaining competitive in the marketplace. Our team is currently reviewing the changes, and we’ll update customers as soon as we can.