RBA cuts interest rates to record low, some small lenders pass it on

The Reserve Bank has slashed interest rates to a record low of 0.1 per cent — but many banks have form for not passing it on to customers. The Reserve Bank of Australia has again slashed interest rates and taken other steps to try to alleviate COVID-19 economic pressures, but it could take weeks before … Continue reading RBA cuts interest rates to record low, some small lenders pass it on