The Reserve Bank has slashed the official cash rate to 1 per cent. It' s a record low - and the first back-to-back cut since 2012. Banks are being urged to pass on the cut in full, with first home-buyers the big winners.
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Official interest rate hits all-time low
The Reserve Bank has slashed the official cash rate to 1 per cent. It' s a record low - and the first back-to-back cut since 2012. Banks are being urged to pass on the cut in full, with first home-buyers the big winners.
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By Hannah Sinclair, Dariusz Buchowiecki
Source: SBS
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