The Reserve Bank's rate cut was expected after Governor Philip Lowe hinted as much in May. Source: AAP
Political leaders have told bank bosses they should pass on the full cut in official interest rates to customers or risk Australians doubting they've changed their ways since the banking royal commission.The Reserve Bank has reduced the cash rate to a record low 1.25 per cent.
Political leaders have told bank bosses they should pass on the full cut in official interest rates to customers or risk Australians doubting they've changed their ways since the banking royal commission.The Reserve Bank has reduced the cash rate to a record low 1.25 per cent.
