RBA slashes interest rates to historic low of 1.25 per cent

The Reserve Bank of Australia has cut the cash rate to a new record low 1.25 per cent.

تضغط الحكومة الفيدرالية على المصارف الكبرى لتمرير خفض الفائدة كاملا لزبائنها Source: AAP

 

The Reserve Bank of Australia has cut the cash rate to a new record low 1.25 per cent.

The R-B-A's last interest rate cut was in August 2016.

The Commonwealth Bank has become the first major bank to pass on the rate cut in full.

A-N-Z has only passed on a 0.18 per cent cut.

Treasurer Josh Frydenberg has urged the banks to pass on the interest rate cuts.