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Historical low level for the official interest rate

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People walk past the Reserve Bank of Australia building
People walk past the Reserve Bank of Australia building in Sydney. Source: Getty Images

RBA cuts the interest rate to 1.25%. NAB and CBA will pass the cut in full while ANZ will cut it by 0.18%.

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Updated

By Ghassan Nakhoul

Presented by Australia Alyaom, Ghassan Nakhoul, Sanae Ouahib

Source: SBS

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RBA cuts the interest rate to 1.25%. NAB and CBA will pass the cut in full while ANZ will cut it by 0.18%.

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