The following major bank’s have acted accordingly to yesterdays RBA 0.25% reduction in the cash rate.
The following have banks have reduced as follows:_
ANZ Reduced loans by 0.25% as from 12th July 2019
NAB Reduced loans by 0.19% from 12th July 2019
CBA Reduced loans on a tiered as from 23rd July 2019
Owner occupied Principal and Interest 0.19%
Investor Loans Principal and Intertest 0.19%
Owner occupied Interest Only 0.25%
Investor Interest Only 0.25%
ING Bank reduced by 0.20% as from 18th July 2019 on variable residential home loans
Westpac Reduced loans from 16th July 2019 as follows:_
Owner occupied Interest only and principal and Interest and Investment principal and Interest by 0.20%
Investor residential Interest Only loans by 0.30%
Macquarie Bank: reduced variable rate loans by 0.20% from 5th July and 0.40% on Fixed rate loans
I’ll update more once they become known