Bankwest Forum

Ask a new question
Reply
Senior Contributor

RBA cuts interest rate - May 2016

Posted by cgm cgm
Message 1 of 2 963 Views

"

The Reserve Bank of Australia has moved to head off fears about deflation, cutting its official cash rate by 25 basis points to a historic low of 1.75 per cent.

Key points:

Cut influenced by core inflation rate of 1.5pc — lowest reading on record
If cut fully passed on, it would mean a $43-a-month saving on a 25-year, $300,000 mortgage" ABC NEWS ONLINE

 

What is BankWest doing for its customers  in response to the RBAs decision?

 

Reply
0 Kudos
Senior Contributor

Re: RBA cuts interest rate - May 2016

Posted by cgm cgm
Message 2 of 2 921 Views

Bankwest is only passing a portion of the interest rate cut to its customers.

 

You can read more here.

 

Reply
0 Kudos
Ask a new question
Top kudoed contributors

Bankwest SWIFT code: BKWAAU6P | Find your BSB by logging into Online Banking
© 2017 Copyright Bankwest, a division of Commonwealth Bank of Australia (Bankwest) ABN 48 123 123 124 AFSL / Australian credit licence 234945. All rights reserved. To use this Website, you are required to read the Financial Services Guide (which you agree to be provided by accessing the link). Bankwest is a division of Commonwealth Bank of Australia, which is the product issuer unless otherwise stated. Rates stated are subject to change without notice. Any advice given does not take into account your objectives, financial situation or needs so please consider whether it is appropriate for you. For deposit and payment products, please ensure you read and consider the Product Disclosure Statement (which you agree to be provided through this link) before making any decision about the product(s). For lending products, lending criteria and fees and charges apply. Terms and conditions apply and are available on request.