Tag: Official Cash Rate

The Reserve Bank of Australia (RBA) has left interest rates unchanged at 3.25 percent, citing a rise in inflation as a driving factor behind its decision.

The Reserve Bank of Australia cut the official cash by 25 basis points today, citing slowing economic and credit growth as two of the key drivers behind its decision.

The National Australia Bank and the Commonwealth Bank are the first of the Big Four banks to reduce their standard variable interest rates following Tuesday’s official rate cut by the Reserve Bank, with both failing to pass on the full amount.