Australia RBA response - Westpac quick to pass on full rate cut

Westpac are slashing variable interest rates by 0.25% per annum for

• home loan customers
• small business cash-based loans and overdrafts

Earlier:

• RBA announce 25bp interest rate cut

Also earlier, PM Morrison said he expected commercial banks to pass on the rate cut in full:

• Australian PM Morrison says targeted fiscal stimulus needed after coronavirus outbreak