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