Interest Rates are on the way down OR are they?

The RBA has advised they are dropping the official base rate by 0.50%.

This means the offical cash rate will soon become 3.75%

I really reckon the lenders in Aus need to pass 100% of this drop on to customers and we at Austral strongly encourage the lenders to do this.

Well done to the Reserve Bank for taking the lead on this matter as I firmly believe it needed to be done.