Official cash rate falls to 2.5 year low at 3.75% . Expecting big banks to wait for ANZ’s review on Friday May 11, but big 4 likely to pass on less than full cut. Borrowers should demand “individual” rate cuts – lenders will do this rather than lose customers.
Reserve Bank drops official cash rate by 0.50% – expect big banks to hold some back
2nd of May 2012 | by RateCity Staff