Property Market & RBA Official Interest Rates in June 2012
The Reserve Bank of Australia (RBA) has announced a 25 basis points cut. As a result the official interest rate (cash rate) is now 3.5 percent. As always, the question remains, what amount will actually be passed on by the banks and lenders to borrowers?
Read more about what the Reserve Bank Interest Rate is, and how it is determined here.
Posted on 5 June 2012 by
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