Interest Rate.

The Reserve Bank's rate cut was expected after Governor Philip Lowe hinted as much in May. (AAP)

The Reserve Bank's rate cut was expected after Governor Philip Lowe hinted as much in May. (AAP) Source: AAP

Polticians have strongly urged banks to pass the full interest cut to their customers.


Why did the Reserve Bank recently reduce interest rates?  Will the drop in rates impact on house prices? What response to the rate cut does the Australian public expect from banks?

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