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Australian bank CBA passes on full 25bp rate cut

Australian bank CBA passes on full 25bp rate cut

Central Banks
Eamonn Sheridan
03/03/2020 | 03:55 GMT

Following the RBA's cash rate decision we have reduced the variable rates for our home loan customers by 0.25% p.a.

PM Morrison said he expected banks to do this and they are responding quickly, WPAC did the same (also for some business loans) .

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