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RBA rate announcement Aug 2016

August 2, 2016  |  #Government Policy

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016.

Whilst the official rate has decreased, we’re watching closely what the banks do with their rates, as some of Australia’s biggest lenders have decided to make changes to their rates regardless of official interest rate moves by the RBA.

Please click here to view the Statement by Glenn Stevens, Governor: Monetary Policy Decision.

You will be notified directly by your bank if and when they change their interest rate.

Please get in touch if you would like to discuss recent rate movements or if you would like to review your finance options. At Invest Blue we have a dedicated team that review all the competitive rates and package offerings so they can tailor lending options to you specifically.

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