Curtis Property Group

The Big Four Banks Have Promised to Pass on the Rate Cut in Full

CBA announced it will apply a 0.25% rate cut to eligible variable-rate loans, including the Business Bank’s Variable Base Rate, Residential Equity Rate, Overdraft Reference Rate, and select variable-rate business lending products such as BetterBusiness Loans and Business Overdrafts.

The change will take effect from August 22 and, according to CBA, will see customers with an $800,000 home loan save around $385 per month.

“With now three rate cuts this year, Australian borrowers are getting some breathing room back in their budgets,” said CBA retail group executive Angus Sullivan. “It will be very welcome news for those with a home loan.”

www.9news.com.au

Latest Inflation Figures give biggest hope yet of an interest rate cut in February 2025

"If you are a mortgage holder or a small business owner, this is about as good a set of numbers as you could have asked for."

Headline inflation also slowed significantly to 2.4 per cent, down from 2.8 per cent in the September quarter and the lowest level since March 2021.

Surprise inflation figures boost chance for interest rate cut in February Surprise inflation figures boost chance for interest rate cut in FebruaryBy Daniel Jeffrey12:05pm Jan 29, 2025 Tweet Facebook Mail Core inflation in Australia has fallen to a better-than-expected 3.2 per cent for the December quarter, boosting hopes of an interest rate cut next month.Economists h...